Breaking The Old 52 Week Low, Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG) Finishing At $7.03

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Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

Sumitomo Mitsui Financial Grp, Inc. (NYSE:SMFG)

December 5th, 2018
Amidst falling markets Sumitomo Mitsui Financial Grp, Inc. finished Tuesday’s trading session down 4.35%, a $0.32 decrease to close on $7.03. As well as the drop in value, Sumitomo Mitsui Financial Grp, Inc. hit a new 52 week low of $6.97, breaking the previous low of $7.23 from earlier this September.

SMFG outperformed the rest of the Financials sector which went down only 4.40% today.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

Sumitomo Mitsui Financial Group is based in Sumitomo Mitsui Banking Corporation Head Office Building, Japan. Sumitomo Mitsui Financial Group was founded in December 2002.

Sumitomo Mitsui Financial Grp, Inc. Info

Sumitomo Mitsui Financial Group, Inc., together with its subsidiaries, provides commercial banking, leasing, securities, consumer finance, and other services primarily in Japan. It operates through four segments: Wholesale Business, Retail Business, International Business, and Global Markets Business. The Wholesale Business segment provides financing, investment management, risk hedging and settlement services, as well as financial solutions for mergers and acquisition and other advisory services and leasing, primarily for large-and mid-sized corporate clients; and various leasing services, including equipment, and operating and leveraged leasing. The Retail Business segment offers wealth management, settlement services, consumer finance, and housing loans. The International Business segment provides loans, deposits, clearing services, trade finance, project finance, loan syndication, derivatives, and global cash management services; underwriting services; and leasing services related to the construction machinery, transportation equipment, industrial machinery, medical equipment, and aircraft leasing. As of March 31, 2018, this segment’s network consisted of 18 branches, 22 sub-branches, and 4 representative offices. The Global Markets Business segment offers foreign exchange products, derivatives, bonds, stocks and other marketable financial products, and undertakes asset liability management operations. It also offers system development, data processing, management consulting, and economic research services; and investment advisory and investment trust management services. The company was founded in 1590 and is headquartered in Tokyo, Japan.

All amounts in USD unless otherwise indicated
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SMFG daily update

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