News: Sumitomo Mitsui Financial Group Inc (8316.T)

8316.T on Tokyo Stock Exchange

4,710JPY
2:00am EDT
Price Change (% chg)

¥-40 (-0.84%)
Prev Close
¥4,690
Open
¥4,785
Day's High
¥4,805
Day's Low
¥4,705
Volume
8,186,900
Avg. Vol
12,826,207
52-wk High
¥4,995
52-wk Low
¥2,231

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Wed, May 15 2013

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For Japan lenders, Abenomics' pain comes first, gain later

TOKYO - Japan's top three banks forecast weaker annual earnings as aggressive monetary easing squeezes them out of a profitable government bond trade and forces them to rely more on bread-and-butter lending where margins remain razor-thin.

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WRAPUP 2-For Japan lenders, Abenomics' pain comes first, gain later

* Japanese banks looking overseas for growth (Adds Fitch Ratings comments, capital ratio figures)

SMFG yearly profit jumps 53 pct, sees poorer year ahead

TOKYO, May 15 - Net profit at Sumitomo Mitsui Financial Group Inc, Japan's third-largest lender by assets, jumped 53.1 percent in the year ended in March, as a result of gains from Japanese government bond trading.

UPDATE 2-SMFG pays top dollar for Indonesia bank stake in retail push

* BTPN shares have risen a almost 12 times since early 2008

SMFG expects year-end profit to jump to record $7.9 bln

TOKYO, April 26 - Sumitomo Mitsui Financial Group , Japan's third-largest bank by assets, expects year-end net profits to rise 52 percent to a record high 790 billion yen ($7.9 billion) as a rally in domestic stock prices boosts earnings.

SMBC Nikko bets on "Abenomics", plans first new branches in five years

TOKYO - Japan's SMBC Nikko Securities will expand its domestic retail branch network by more than 20 percent over the next three years as it bets that the new premier's economic policies will lift the stock market further, the head of the country's third-largest brokerage said.

Dominion signs deals to export U.S. natural gas from Cove Point

NEW YORK - Dominion Energy has signed two deals with Indian and Japanese buyers to export liquefied natural gas from its proposed Cove Point export plant in Maryland, the latest pact that could see U.S. shale gas consumed worldwide.

Dominion signs deals to export US natural gas from Cove Point

NEW YORK, April 1 - Dominion Energy has signed two deals with Indian and Japanese buyers to export liquefied natural gas from its proposed Cove Point export plant in Maryland, the latest pact that could see U.S. shale gas consumed worldwide.

Nikkei pulls back from 33-month high; Canon, SMFG rise

* Nikkei still heading for best January performance since 1998 * Lender SMFG jumps after 9-mth earnings top full-yr f'cast * Nintendo sags after forecasting 2nd year of loss * Two-thirds of Nikkei firms reporting earnings so far miss market f'cast By Dominic Lau TOKYO, Jan 31 - Japan's Nikkei average dipped on Thursday, with investors booking profits after it had risen sharply in the previous session to end above 11,000 for the first time in 33 months. But gain

UPDATE 1-SMFG keeps FY earnings forecast intact on economic outlook

* Nine-month profit 550.4 bln yen vs full-year forecast 540 bln yen

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