Sumitomo Mitsui Financial Group Inc Stock News

A group of 21 leading financial institutions in Japan, including Dai-ichi Life Group, MUFG Bank, and Sumitomo Mitsui announced the launch of the Japan Impact-driven Financing Initiative, aiming to promote the measurement and management of the changes created through investment and financing activities on social and environmental issues and to support greater impact-focused financing in [] The post Leading Japan Financials Launch Initiative to Advance Impact Financing and Investment Efforts appeared first on ESG Today .

Sumitomo Mitsui DS Asset Management Company Ltd reduced its holdings in Chubb Limited (NYSE:CB) by 1.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 28,692 shares of the financial services providers stock after selling 293 shares during the quarter. Sumitomo Mitsui []

Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Entegris, Inc. (NASDAQ:ENTG) by 105.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 91,970 shares of the semiconductor companys stock after purchasing an additional 47,168 shares during the quarter. Sumitomo Mitsui []

Japan is about to take a significant step toward developing a digital currency. Per Reuters , a consortium made up of approximately 70 Japanese firms said this week they plan to launch a yen-based cryptocurrency in 2022. Whats notable about the project, tentatively called DCJPY, is that three of the countrys largest banks will back it. At a news conference on Wednesday, Mitsubishi UFJ Financial Group, Mizuho Financial Group and Sumitomo Mitsui Financial Group said theyve been meeting since last year to build a shared settlement infrastructure for digital payments. Some of the other members of the consortium include the East Japan Railway Company and Kansai Electric Power Company. They plan to start testing the currency in the coming months. The experiment is separate from the work the Bank of Japan is doing to create a digital yen . CBDCs are something China and the US are exploring as well. For Japan, theres an additional incentive to the push. Its a country that famously loves cash.

Geode Capital Management LLC lowered its stake in Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 4.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,042 shares of the banks stock after selling 5,055 shares during the period. Geode []

Gilman Hill Asset Management LLC raised its position in shares of Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) by 9.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 365,576 shares of the bank’s stock after acquiring an additional 32,060 shares […]

Ventas (NYSE:VTR) was downgraded by equities researchers at Sumitomo Mitsui Financial Group from an outperform rating to a neutral rating in a report issued on Monday, Price Targets.com reports. They currently have a $55.00 price objective on the real estate investment trusts stock. Sumitomo Mitsui Financial Groups price target indicates a potential upside of 7.11% []

Sumitomo Mitsui Banking Corp. provided a $91.4 million loan to Starlight U.S. Residential Fund to buy a luxury rental complex in Las Vegas.

Research analysts at Sumitomo Mitsui Financial Group began coverage on shares of Nkarta (NASDAQ:NKTX) in a research note issued on Thursday, Briefing.com reports. The firm set an outperform rating and a $50.00 price target on the stock. Sumitomo Mitsui Financial Groups price target indicates a potential upside of 185.55% from the stocks previous close. Several []

NEW YORK--(BUSINESS WIRE)--SMBC Nikko Securities America, Inc. Hires Industry Veteran Scott Ashby

Sumitomo Mitsui Financial Group remains a well-capitalized bank and it reported strong Q1 FY2022 results with gross revenue growth and high asset quality. With improving fundamentals, there is scope f

A new partnership could help bolster the company's growth prospects.

NEW YORK--(BUSINESS WIRE)--Randolph Habeck Joins SMBC Nikko Securities America, Inc. as Managing Director for Debt Syndicate Team; Brings Added ESG Financing Depth

Sumitomo has had issues to grapple with - low interest rates and COVID-19 - but remains Japan's second-largest bank and dominant in the country's payment business. The transition to digital and expans

Mitsubishi UFJ Financial Group, and Sumitomo Mitsui Financial Group, Japan's two biggest banks, are being targeted with climate resolutions from activist shareholders at their annual shareholder meeti