Favorable News Coverage Somewhat Unlikely to Affect Sumitomo Mitsui Financial Group (NYSE:SMFG) Stock Price
Media stories about Sumitomo Mitsui Financial Group (NYSE:SMFG) have been trending positive recently, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sumitomo Mitsui Financial Group earned a news sentiment score of 0.41 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.3527195432868 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Sumitomo Mitsui Financial Group (SMFG) traded down 2.61% during midday trading on Thursday, reaching $7.47. The company had a trading volume of 1,601,558 shares. The company has a 50-day moving average of $7.72 and a 200-day moving average of $7.60. Sumitomo Mitsui Financial Group has a 12-month low of $6.39 and a 12-month high of $8.30. The stock has a market capitalization of $52.67 billion, a PE ratio of 8.31 and a beta of 1.30.
Sumitomo Mitsui Financial Group (NYSE:SMFG) last announced its quarterly earnings data on Monday, July 31st. The bank reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.11. The business had revenue of $12.25 billion during the quarter. Sumitomo Mitsui Financial Group had a return on equity of 6.95% and a net margin of 14.43%. On average, analysts predict that Sumitomo Mitsui Financial Group will post $0.87 EPS for the current fiscal year.
SMFG has been the subject of a number of analyst reports. BidaskClub lowered Sumitomo Mitsui Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine raised Sumitomo Mitsui Financial Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 10th. Finally, UBS AG raised Sumitomo Mitsui Financial Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, June 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy”.
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About Sumitomo Mitsui Financial Group
Sumitomo Mitsui Financial Group, Inc is a holding company for Sumitomo Mitsui Banking Corporation (the Bank) and its subsidiaries. The Company operates through four segments: Commercial Banking, Leasing, Securities and Consumer Finance. The Company and its subsidiaries offer a range of financial services, including commercial banking, leasing, securities, consumer finance and other services.
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