Headlines about Sumitomo Mitsui Financial Group (NYSE:SMFG) have been trending positive on Friday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sumitomo Mitsui Financial Group earned a daily sentiment score of 0.33 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.5666798687057 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Sumitomo Mitsui Financial Group (SMFG) Downgraded to “Hold” at Zacks Investment Research (americanbankingnews.com)
- Sumitomo Mitsui Financial Group (SMFG) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- Sumitomo Mitsui Financial Group (SMFG) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Sumitomo Mitsui Financial Group: A Jump Into Japan’s Wealth (seekingalpha.com)
Shares of NYSE SMFG traded down $0.12 during midday trading on Friday, reaching $8.28. 781,820 shares of the company traded hands, compared to its average volume of 1,375,575. The stock has a market cap of $58,683.28, a PE ratio of 8.36 and a beta of 1.29. Sumitomo Mitsui Financial Group has a 12 month low of $6.93 and a 12 month high of $9.67.
Several research analysts recently commented on the company. Zacks Investment Research cut Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine cut Sumitomo Mitsui Financial Group from a “strong-buy” rating to a “buy” rating in a research report on Monday.
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Sumitomo Mitsui Financial Group Company Profile
Sumitomo Mitsui Financial Group, Inc, together with its subsidiaries, provides various banking and financial services. Its Commercial Banking segment offers deposits; loans, including syndicated loans, commitment lines, structured finance, and nonrecourse loans, as well as settlement, cash management, leasing, factoring, management information systems consulting, collection, and investment banking services for listed and mid-sized companies; and personal bank accounts, ordinary deposits, time deposits, foreign currency deposits, housing loans, investment trusts, pension-type insurance products, and life insurance products for individuals.
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