Sumitomo Mitsui Financial Group Inc

OTCPK:SMFNF (Japan)   Ordinary Shares
$ 56.79 +0.4619 (+0.82%) 11:09 PM EST
14.32
P/B:
0.86
Market Cap:
$ 77.02B
Enterprise V:
$ -206.77B
Volume:
110.00
Avg Vol (2M):
9.39K
Also Trade In:
Volume:
110.00
Avg Vol (2M):
9.39K

Business Description

Description
Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan's second-largest bank after Mitsubishi UFJ Financial Group. As of March 2023, its market share of domestic loans was 7.1%, compared with 8.1% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and SMBC Card. It also controls one of Japan's largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan's third-largest retail broker, although SMFG has lagged somewhat in institutional securities business and asset management.