Morningstar - Sumitomo Mitsui Financial Group Inc. (8316) SMFG Remains Our Top Pick Among Japanese Banks as Cost Efficiency Will Drive Outperformance

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Morningstar

Michael Makdad

EUR 100.00 For Business Accounts Only

SMFG Remains Our Top Pick Among Japanese Banks as Cost Efficiency Will Drive Outperformance

Sumitomo Mitsui Financial Group on May 17 held a briefing for analysts and investors to discuss its results for the year ended March. It was Jun Ohtaâ€™s first appearance as chief executive of the group since he succeeded chairman Takeshi Kunibe as CEO in April. We came away with a positive impression based on Ohtaâ€™s message that SMFG will continue to press its cost-efficiency advantage against its two megabank rivals and has ample room to reduce expenses further. For example, we see potential for...

17/05/2019 13 EN

Underlying

Sumitomo Mitsui Financial Group Inc.

Sumitomo Mitsui Financial Group is a holding company of the group mainly engaged in the provision of finance services. Co. offers services include deposits, loans, securities transaction, securities investment, domestic and foreign exchange, futures trading, bond fiduciary and registration, trust, security investment trust and insurance over-the-counter sales; leasing business; securities business; consumer finance, automobile sale finance business, venture capital business, business consulting, membership business, loan business, factoring, system development, information processing, money collection, swap related and investment adviser, among others.

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JP3890350006 Japan

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Makdad

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SMFG Remains Our Top Pick Among Japanese Banks as Cost Efficiency Will Drive Outperformance

Monthly LMI Update Independent Investment Research

With a more favourable environment, SUMI MITSUI FIN GRP improves to Slightly Positive

Feasibility Study Results in December to be a Catalyst for this Junior

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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