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Sumitomo Mitsui Financial Group, Inc. (SMFG)

NYSE - NYSE Delayed Price. Currency in USD
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7.20+0.05 (+0.70%)
As of 4:00PM EDT. Market open.
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  • N
    Nut
    New position @ $6.76
  • G
    Gary
    Dividend Question:
    Does the company withhold 20pct tax on the dividend. Is it the same rate for IRA accounts?
  • T
    T
    SMFG released full year results FYE March 31st 2021 exceeding targets at all fronts and raising future dividends from 190 yen pa to 210 yen pa. Good Luck owners
  • B
    BOJ OfficiaI
    It was the first time in more than six months that the BOJ has conducted special operations to buy bonds to achieve the yields it wants to see, rather than the auctions used in regular operations - a powerful show of force to direct the market.

    On top of that, the BOJ increased the amount of its planned buying in five- to 10-year JGBs to 450 billion yen from the 410 billion amount it has favoured since late August.

    Following the BOJ's operations, the price of the 10-year JGB futures rose to as high as 150.31 from the day's low of 150.09. It was up 0.11 on the day.

    The benchmark 10-year cash JGB yield edged down to 0.090 percent, the same level as its previous close, from 0.095 percent touched earlier.
    BOJ Governor Haruhiko Kuroda has denied that he was considering such a major policy adjustment in the near future.
    May be BOJ to explore delving deeper into negative rates.
  • B
    Businessplaya
    Great japanese stock! check it out, one of the biggest asian financial services company. great dividend.

    I really recommend to check this one out. I am in and long and strong!
  • M
    Mark
    nice dividend.
  • Y
    Yahoo Finance Insights
    SMFG reached a new 52 Week High at 8.95
  • B
    BOJ OfficiaI
    The Bank of Japan is keeping a wary eye on the steep growth of bank loans to finance the construction of apartment buildings and other rental homes.

    The BOJ is concerned that the active lending may cause an oversupply of rental homes and an increase in vacancies, resulting in defaults by borrower landlords, officials said.

    Loans for rental homes rose 21.1 percent from the previous year to ¥3.786 trillion in 2016, the highest level since 2010, the earliest year for which comparable data are available.

    Regional banks in particular have stepped up lending to individuals who construct rental homes as the borrowers own land that can be put up as loan collateral.

    The balance of loans soared 70 percent over the past five years, prompting worries about overheating at some lenders. A source close to a regional bank said some banks have posted unusual growth in lending.

    A senior BOJ official said some loans raise doubts about whether the profitability of property has been accurately evaluated.

    The central bank is concerned that if banks extend loans to construction projects that do not pay due heed to real demand, including rental homes constructed in inconvenient locations, a housing bubble could be formed, the officials said.
    SMBC has 2.33 trillion US$ balance of money loans of Loans for rental homes.
  • B
    BOJ OfficiaI
    The Bank of Japan is keeping a wary eye on the steep growth of bank loans to finance the construction of apartment buildings and other rental homes.

    The BOJ is concerned that the active lending may cause an oversupply of rental homes and an increase in vacancies, resulting in defaults by borrower landlords, officials said.

    Loans for rental homes rose 21.1 percent from the previous year to ¥3.786 trillion in 2016, the highest level since 2010, the earliest year for which comparable data are available.

    Regional banks in particular have stepped up lending to individuals who construct rental homes as the borrowers own land that can be put up as loan collateral.

    The balance of loans soared 70 percent over the past five years, prompting worries about overheating at some lenders. A source close to a regional bank said some banks have posted unusual growth in lending.

    A senior BOJ official said some loans raise doubts about whether the profitability of property has been accurately evaluated.

    The central bank is concerned that if banks extend loans to construction projects that do not pay due heed to real demand, including rental homes constructed in inconvenient locations, a housing bubble could be formed, the officials said.
    SMBC has 2.33 trillion US$ balance of money loans of Loans for rental homes.
    Less
  • B
    BOJ OfficiaI
    The Bank of Japan is keeping a wary eye on the steep growth of card loans.

    The banking industry’s card loan business is expanding, with outstanding lending of this type extended by domestic banks reaching ¥5.67 trillion at the end of June — an increase of 1.7 times over the past five years. Free from the lending limits that bind consumer loan firms, both mega-bank groups and regional institutions have flocked to the profitable card loan business as interest margins on lending to businesses and housing loans shrank amid the ultra-low interest rate policy of the Bank of Japan.

    The expansion of the banks’ card loan business, however, has also been accompanied by criticism that the industry is refueling the problem of multiple indebtedness. The annual number of personal bankruptcies filed with courts — which has been on a decline from a peak of some 242,000 in 2003 as regulations on moneylenders were tightened — rose to 64,637 in 2016 for the first year-on-year increase in 13 years, and the upward trend continued in the first half of this year.

    Financial Services Agency has begun an on-site inspection of SMBC (Mega Bank) about excessive loan.
  • B
    BOJ OfficiaI
    Bank of Japan Governor Haruhiko Kuroda on Tuesday ruled out the possibility of raising interest rates any time soon despite his optimism over the economic outlook, stressing that inflation remained too low to justify withdrawing stimulus.
  • Y
    Yahoo Finance Insights
    Sumitomo Mitsui Financial is up 5.02% to 6.02
  • B
    BOJ OfficiaI
    BOJ GOV. Kuroda gave a lecture at Keidanren 's deliberation committee meeting in Tokyo, saying, "We will continue to persist strong strong monetary easing persistently."

    And new board member Goushi Kataoka dissented to the BOJ's decision to maintain its interest rate targets, saying current monetary policy was insufficient to push inflation up to 2 percent during fiscal 2019.

    Asked how much room central banks have left in deepening negative rates, Kuroda said ,
    “It’s true Europe and Japan have shown there is room to push interest rates into negative territory. But there’s little room to push policy rates into minus territory of, say, 4 or 5 percent,” he told reporters after the meeting with business leaders.

    So that there’s a possibility to push policy rates into minus territory of, say, 2 or 3 percent.
  • B
    BOJ OfficiaI
    Bank of Japan Gov. Haruhiko Kuroda said speaks to the media "We won't decide to raise our interest rates just because the economy is in good shape" in Tokyo on Dec. 21.

    Goshi Kataoka, the sole dissenter on the policy board, again called for additional easing measures from the bank, saying it was "desirable" to reach the 2% inflation target in fiscal 2018, "taking account of risk factors such as the consumption tax hike and a possible economic downturn in the U.S."

    So, because of very low interest rates,
    Japanese megabanks are not worthy of investment for several years.

    Also, the collapse of apartment loans is a matter of concern.
  • B
    BOJ OfficiaI
    The Bank of Japan currently buys six trillion yen ($53 billion) of Japanese stocks annually through exchange traded funds (ETFs), making it the single largest investor of Japanese stocks.

    But the central bank's current pace of heavy intervention has raised various worries. The BOJ is already among the largest shareholders for many Japanese companies and its snowballing equity portfolio makes an eventual exit from stimulus more difficult.
    If BOJ start selling ETFs, japanese MEGA BANKs(including SMFG)'s stock
    faced with a marked decline until BOJ stop selling ETFs, I think.
  • B
    BOJ OfficiaI
    Bank of Japan Governor Haruhiko Kuroda on Tuesday ruled out the possibility of raising interest rates any time soon again.
  • B
    BOJ OfficiaI
    Sumitomo Mitsui Financial Group (SMFG) is keen to raise its stake to a majority in Indonesian lender BTPN.
    Rising US interest rates may trigger the Asian crisis and increase the risk of
    impairment loss of SMFG.
  • B
    BOJ OfficiaI
    2017/06/22 Mitsubishi UFJMS Securities lowered the rating of SMFG
    Neutral → Underweight
    The stock price is too high.The target price is minus 40% from the current price
  • B
    BOJ OfficiaI
    2017/06/22 Mitsubishi UFJMS Securities lowered the rating of SMFG
    Neutral → Underweight
    The stock price is too high.The target price is minus 40% from the current price