Sumitomo Mitsui Financial Grp (ADR) (SMFG) was Downgraded by Macquarie to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Macquarie advised their investors in a research report released on May 25, 2016.
Sumitomo Mitsui Financial Grp (ADR) closed down -0.05 points or -0.81% at $6.15 with 8,15,238 shares getting traded on Friday. Post opening the session at $6.2, the shares hit an intraday low of $6.12 and an intraday high of $6.22 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Sumitomo Mitsui Financial Group Inc. (SMFG) is principally engaged in the operation of banking business. The Banking segment is engaged in the operation of deposit business lending business trading securities buying and selling business securities investment business domestic and foreign exchange business corporate bond trustee and registration service trust business securities investment trust and insurance counter sales. The Lease segment operates leasing activities. The Securities segment operates securities business. The Consumer Finance segment operates credit card business consumer credit business consumer lending business automobile sales finance business collecting agency and factoring business. The Other segment operates system development and information processing business consulting and think tank business venture capital business business consulting operations pension and investment management business as well as other related financing services.