Sumitomo Mitsui Financial Group Inc (SMFG) : Analyst Rating Update

Sumitomo Mitsui Financial Group Inc (SMFG) : 1 brokerage houses believe that Sumitomo Mitsui Financial Group Inc (SMFG) is a Strong Buy at current levels. Zacks Investment Research suggests a Strong Buy with a rank of 1.The median of all the 1 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.

Sumitomo Mitsui Financial Group Inc (NYSE:SMFG): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.49 and $5.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $5.54. The buying momentum continued till the end and the stock did not give up its gains. It closed at $5.54, notching a gain of 0.54% for the day. The total traded volume was 1,191,933 . The stock had closed at $5.51 on the previous day.

The company shares have dropped -34.64% from its 1 Year high price. On Jul 31, 2015, the shares registered one year high at $9.28 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $6.04 and the 200 Day Moving Average price is recorded at $6.25.

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.

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