Sumitomo Mitsui Financial Group (NYSE:SMFG) Releases Earnings Results, Beats Estimates By $0.02 EPS

Sumitomo Mitsui Financial Group (NYSE:SMFG) released its earnings results on Wednesday. The bank reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.02, Zacks reports. The company had revenue of $6.34 billion for the quarter, compared to analysts’ expectations of $7.62 billion. Sumitomo Mitsui Financial Group had a net margin of 15.68% and a return on equity of 10.64%. Sumitomo Mitsui Financial Group updated its FY 2026 guidance to 0.854-0.854 EPS.

Sumitomo Mitsui Financial Group Stock Performance

Shares of NYSE:SMFG opened at $21.71 on Friday. The firm has a market cap of $138.52 billion, a price-to-earnings ratio of 16.21, a P/E/G ratio of 0.73 and a beta of 0.43. The firm has a fifty day moving average price of $20.54 and a 200 day moving average price of $19.99. Sumitomo Mitsui Financial Group has a fifty-two week low of $14.27 and a fifty-two week high of $24.33.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on SMFG shares. Wall Street Zen cut Sumitomo Mitsui Financial Group from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Zacks Research upgraded Sumitomo Mitsui Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Sumitomo Mitsui Financial Group currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sivia Capital Partners LLC boosted its stake in Sumitomo Mitsui Financial Group by 43.9% during the second quarter. Sivia Capital Partners LLC now owns 32,398 shares of the bank’s stock valued at $490,000 after buying an additional 9,876 shares during the last quarter. Steward Partners Investment Advisory LLC raised its stake in Sumitomo Mitsui Financial Group by 27.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,926 shares of the bank’s stock valued at $57,000 after purchasing an additional 628 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Sumitomo Mitsui Financial Group by 223.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 8,884 shares of the bank’s stock valued at $172,000 after purchasing an additional 6,140 shares during the last quarter. Brown Brothers Harriman & Co. lifted its position in Sumitomo Mitsui Financial Group by 693.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,601 shares of the bank’s stock valued at $50,000 after purchasing an additional 2,273 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Sumitomo Mitsui Financial Group by 40.8% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,786 shares of the bank’s stock worth $47,000 after buying an additional 807 shares in the last quarter. Institutional investors own 3.85% of the company’s stock.

About Sumitomo Mitsui Financial Group

Sumitomo Mitsui Financial Group, Inc (SMFG) is a Tokyo-based financial holding company that provides a broad range of banking and financial services through a network of domestic and international subsidiaries. Established in 2002 as a holding company for the Sumitomo Mitsui banking operations, SMFG’s core banking business is conducted primarily through its main operating bank, Sumitomo Mitsui Banking Corporation (SMBC), alongside other affiliates covering trust banking, securities, leasing and consumer finance.

The group’s product and service mix spans corporate and commercial banking, retail deposit and loan services, trade and project finance, cash management, syndicated lending, foreign exchange and treasury services, and capital markets and investment banking activities through its securities arm.