Sumitomo Mitsui Financial Group (JP:8316) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sumitomo Mitsui Financial Group has announced plans to repurchase up to 60 million of its own shares, equating to 1.5% of its issued shares, to enhance shareholder returns and capital efficiency. The repurchase will be conducted through market purchases from November 15, 2024, to January 31, 2025, with a total value of up to JPY 150 billion. The repurchased shares are set to be canceled on February 20, 2025.
For further insights into JP:8316 stock, check out TipRanks’ Stock Analysis page.
