- SMFG reported a third-quarter net income of 410.80 billion yen.
- This result surpassed analyst estimates, which were projected at 340.22 billion yen.
- The company’s forecast for the full year remains at a net income of 1.16 trillion yen.
- Analysts had estimated the annual net income to be slightly higher, at 1.2 trillion yen.
- In terms of stock recommendations, there are 12 buy ratings and 6 hold ratings, with no sell ratings.
- Historical comparisons are made using the company’s originally disclosed values.
A look at Sumitomo Mitsui Financial Group Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 4.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Sumitomo Mitsui Financial Group, Inc. looks to have a promising future ahead based on the Smartkarma Smart Scores for the company. With solid ratings across the board, including high marks in Resilience and Momentum, the company appears well-positioned to weather economic uncertainties and capitalize on growth opportunities. Sumitomo Mitsui Financial Group‘s strong Value, Dividend, and Growth scores further reinforce its potential for long-term success.
As a financial powerhouse managing operations for various subsidiaries, Sumitomo Mitsui Financial Group, Inc. focuses on commercial banking and a wide range of financial services. With impressive Smart Scores in key areas indicating favorable outlook, investors may see this company as a stable and growing entity worth considering for their portfolios.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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