Sumitomo Mitsui Finl Gr Azioni (NYSE: SMFG)

Ultime notizie per Sumitomo Mitsui Finl Gr (NYSE:SMFG) Azioni

Sumitomo Mitsui Finl Gr

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 2024, its market share of domestic loans was 7.2%, compared with 8.0% 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.

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Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan)

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Shares of banking companies are trading lower as markets react to President Trump's announcement of sweeping tariffs.

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Shares of banks and financial services stocks are trading lower following greater-than-expected inflation data measured through the PCE price index for February, while personal spending missed estimates. Additionally, recent tariff announcements may be weighing on equities.

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Shares of several banking and broader financial stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to keep rates unchanged.

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Shares of banks and financial services stocks are trading higher amid an overall market rebound following recent weakness.

Shares of US-listed Japanese banking companies are trading higher on weaker US economic data. The Bank of Japan may raise interest rates in response to February's PPI data to reach the country's 2% inflation target.

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Shares of banking stocks are trading lower amid economic worries driven by tariffs and trade policies. Investors may be expecting a decline in investment and consumer spending, which may also be weighing on the industry.

Editor&#8217;s Note: This story has been updated to correctly identify Mitsubishi Corporation as one of Japan's five largest trading houses.
<a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett </a>gave Japan Inc. another stamp of approval and the market is eating it up. Shares of <a href="https://www.benzinga.com/topic/japan">Japan's</a> five largest trading houses surged up to 9% after the Oracle of Omaha signaled Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) is eyeing bigger stakes.
Mitsubishi Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>) led the pack, climbing nearly 9%, while Mitsui &amp; Co (OTCPK:MITSY), Marubeni Corp (OTCPK:MARUF) (OTCPK:MARUY), Sumitomo Mitsui Financial Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMFG#NYSE">SMFG</a>) and Itochu Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITOCF#NYSE">ITOCF</a>) all jumped between 4% and 7.5%, <a href="https://www.ft.com/content/431a648e-851e-49f7-a37b-e862f4c19474">reported</a> the Financial Times.
<h2 class="wp-block-heading">Buffett&#8217;s Billion-Dollar Bet Gets Bigger</h2>
Buffett's love affair with Japan is nothing new. Back in 2020, Berkshire quietly snapped up 5% stakes in each of these trading giants, shelling out $6 billion. Fast forward to today and those holdings are worth $23.5 billion.
Related: <a href="https://www.benzinga.com/25/02/43906366/warren-buffetts-berkshire-boosts-bets-on-five-japanese-companies-admiration-has-consistently-grown-says-oracle-of-omaha-in-letter-to-shareholders">Warren Buffett&#8217;s Berkshire Boosts Bets On 5 Japanese Companies: Oracle Of Omaha Says Admiration &#8216;Has Consistently Grown&#8217;</a>
Now, with the 10% ownership cap lifted, Buffett's annual letter made it clear: "You will likely see Berkshire's ownership of all five increase somewhat." 
Translation? Buffett's doubling down.
<h2 class="wp-block-heading">Why Trading Houses? Think Private Equity, Buffett Style</h2>
Why does he love these stocks? 
Think of them as Japan's private equity powerhouses with portfolios spanning convenience stores, salmon farms, infrastructure and tech startups.
Jefferies analyst Thanh Ha Pham calls them &#8220;the private equity of Japan&#8221; but with a Buffett-approved long-term horizon.
<h2 class="wp-block-heading">ETFs, Stocks Riding The Buffett Wave</h2>
For ETF investors, Buffett's Japan bet shines a light on three key funds. 
The iShares MSCI Japan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWJ#NYSE">EWJ</a>) is up 2.64% year-to-date, while JPMorgan's BetaBuilders Japan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBJP#NYSE">BBJP</a>) has climbed 2.37%. But the real standout? 
The WisdomTree Japan Hedged Equity Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DXJ#NYSE">DXJ</a>), which boasts a 3.98% gain over the past year.
The Buffett effect is real and it's not just the trading houses riding the wave.
Sony (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SONY#NYSE">SONY</a>) has soared 44% in the past year, while Sumitomo Mitsui Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMFG#NYSE">SMFG</a>) is up nearly 40%. Even Mitsubishi UFJ Financial Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MUFG#NYSE">MUFG</a>) has posted a stellar 24.6% annual gain.
With Japan's corporate reforms, rising dividends and Buffett's backing, this might just be the start of a long-term bull run.
For investors, ignoring Japan now could be like skipping Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) in 2003 &#8211; a mistake Buffett himself vowed never to repeat.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/etfs/specialty-etfs/25/02/43893016/rising-inflation-in-japan-3-etfs-to-watch-as-boj-navigates-rate-hike-expectations">Rising Inflation In Japan: 3 ETFs To Watch As BOJ Navigates Rate Hike Expectations</a></li>
</ul>
Photo: Shutterstock

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Buffett's Japan Play: Why Investors Shouldn't Sleep On These Stocks, ETFs (CORRECTED)

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Shares of banking and financial services stocks are trading higher following strong bank earnings.

Sunitomo Mitsui shares are trading higher after the company announced a successful share repurchase.

Sunimoto Mitsui Financial Group shares are trading higher after the company released its Q2 financials.

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Earnings Scheduled For November 14, 2024

Shares of Japanese banking companies are trading higher. Investors may be weighing Donald Trump's victory and future policy-making decisions that would have an impact on the sector.

Shares of US-listed Japanese companies are trading higher amid a drop in the price of the yen after the Liberal Democratic Party coalition lost its parliamentary majority.

Shares of US-listed Japanese banking companies are trading lower possibly ahead of the snap election on October 27.

Shares of Japanese banks are trading lower. On Friday, data showed Japan's September core CPI slowed.

Shares of Japanese banking companies are trading higher. Japanese Prime Minister Shigeru Ishiba told ministers to compile a stimulus package.

Shares of Japanese banking companies are trading higher amid a rise in the price of the yen. Incoming Prime Minister Shigeru Ishiba announced plans for a snap election on October 27, shortly after his recent election victory.

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