When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares
2024-02-25 00:04:48 ET
Summary
Japan's asset management industry has favorable growth prospects, and this puts a leading financial services player like Sumitomo Mitsui Financial in a good position to increase its future fee income.
SMFG's net interest income growth outlook is positive, considering the reasonably high probability of Japan initiating a rate hike in the near term.
My investment rating for SMFG is upgraded to a Buy, as I think that the stock doesn't deserve to trade at a significant discount to book value.
Elevator Pitch
Sumitomo Mitsui Financial Group, Inc. ( SMFG ) [8316:JP] shares are assigned a Buy rating....