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Sumitomo Mitsui Financial Group, Inc. (SMFG)

- NYSE
  • Jul. 15, 2014, 5:35 PM
    | 18 Comments
  • Jul. 8, 2014, 5:36 PM
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  • Mar. 24, 2014, 12:32 PM
    • Sumitomo Mitsui Financial Group (SMFG -1.8%) has held discussions with Royal Bank of Scotland (RBS +2%) about purchasing RBS's U.S. retail operation - RBS Citizens - reports the WSJ. Citizens has nearly 1.4K branches and $122B in assets across 12 states, and its sale would be among the largest U.S. deals since the crisis, and one of the largest-ever purchases of a U.S. bank by a foreign company.
    • Citzens is a coveted target by acquisitive banks (TD has been rumored to have great interest), but RBS - despite being under heavy U.K. government pressure to raise capital - has been a reluctant seller. That attitude is starting to change, says the Journal, with new CEO Ross McEwan saying he wants to refocus the bank on its core U.K. market.
    • The current plan is for an IPO of part of Citizens later this year to raise in the area of $10B, with a full exit by the end of 2016.
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  • Jun. 4, 2013, 9:11 AM
    Premarket gainers: ET +53%. MHGC +18%. INFI +9%. MFG +9%. MKTG +9%. SMFG +8%. NMR +8%. MTU +7%. FCEL +6%. MCHP +5%.
    Losers: RIGL -23%. DG -7%. SLCA -6%.
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  • May. 23, 2013, 9:12 AM
    Premarket gainers: RUE +24%. PSUN +11%. HPQ +10%. VVTV +7%.
    Losers: STP -12%. CLNT -11%. NMR -9%. JRCC -9%. MTU -8%. SAAS -8%. DRYS -8%. SOL -8%. SMFG -7%. NBG -7%. SNE -6%. TSL -6%. RSOL -6%. WETF -5%.
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  • Oct. 12, 2012, 3:29 AM
    Softbank (SFTBF.PK) is in negotiations with three major Japanese banks - Mizuho (MFG), Sumitomo Mitsui (SMFG) and Mitsubishi UFJ (MTU) - about borrowing $23B to fund its bid for Sprint (S), Reuters reports. While Sprint is worth $17.3B, it also carries almost $15B of debt. Japanese investors have reacted with dismay to news of the talks, with Softbank's shares closing -17%.
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  • Jan. 17, 2012, 4:46 AM
    RBS (RBS) sells its aircraft leasing division to Sumitomo Mitsui Financial Group (SMFG) for $7.3B, a smidge higher than the whisper number. It's RBS's largest single disposal of assets since its 2008 bailout. RBS +4.5% in London. (SMFG statement)
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  • May. 18, 2011, 9:00 AM
    Premarket gainers: GFRE +8%. SODA +8%. DELL +6%. NBG +4%. ANF +4%. IRE +3%. SMFG +3%. GPL +3%.
    Losers: CWTR -27%. SPLS -15%. CLDX -15%. CHS -5%.
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SMFG vs. ETF Alternatives
Company Description
Sumitomo Mitsui Financial Group Inc and its subsidiaries offer a diverse range of financial services, including commercial banking, leasing, securities, consumer finance and other services.