How to Buy Sumitomo Mitsui Financial Group Stock
Sumitomo Mitsui Financial Group Inc
Sumitomo Mitsui Financial Group is a diversified bank company located in Japan, which is part of the Financial Services sector, and is traded under the ticker SMFG on the NYSE exchange.
Sumitomo Mitsui Financial Group stock last closed at $11.38, down 0.26% from the previous day, and has increased 36.45% in one year. It has overperformed other stocks in the Banks - Diversified industry by 0.17 percentage points. Sumitomo Mitsui Financial Group stock is currently +46.08% from its 52-week low of $7.79, and -8.63% from its 52-week high of $12.46.
There are currently 1.37B SMFG shares outstanding. The market capitalization of SMFG is $78.22B. In the past 24 hours, 579,538 SMFG shares were traded.
How to Buy Sumitomo Mitsui Financial Group Stock
Wondering how to invest in Sumitomo Mitsui Financial Group stock? Here's how.
- Decide where to buy Sumitomo Mitsui Financial Group stock: You need to choose an online brokerage, but don't worry - we've tested dozens of stock brokerages and apps to help you figure out where to buy Sumitomo Mitsui Financial Group stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your payment method and add your details.
- Research Sumitomo Mitsui Financial Group stock: The Sumitomo Mitsui Financial Group ticker symbol is SMFG. Is Sumitomo Mitsui Financial Group stock a good investment? Should you buy shares of SMFG? How do SMFG's underlying business fundamentals look? Do top analysts think Sumitomo Mitsui Financial Group is a good buy? Why has SMFG's stock price moved recently? (Hint: Our stock analysis website can help you decide if SMFG is a good stock to buy).
- Place your SMFG buy order: Decide if you will purchase SMFG shares at the current market price or use a limit order to purchase SMFG stock at a particular price.
- Get updates on your SMFG position: Create a watchlist to important updates regarding your new investment in Sumitomo Mitsui Financial Group shares.
Step 1: Decide where to buy Sumitomo Mitsui Financial Group stock
You need an online brokerage account in order to access the NYSE market and buy SMFG stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected the best brokerage, the next step is to fill out some personal information so you are able to buy SMFG today.
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Step 3: Deposit funds into your brokerage account
Now that you have opened your account on one of the most highly reviewed stock trading apps, you need to deposit funds:
Check out this video walkthrough to see the process of transferring funds into your brokerage account.
Step 4: Research Sumitomo Mitsui Financial Group stock
Once you have chosen the best place to buy Sumitomo Mitsui Financial Group stock, it's critical to analyze their stock prior to buying, so you can wrap your head around the risk as well as the upside.
Overview of key SMFG info
Sumitomo Mitsui Financial Group Due Diligence Checks
WallStreetZen was created to help everyday investors do more accurate fundamental analysis.
You can see all of the due diligence checks on SMFG's stock page.
Is SMFG stock undervalued?
Investors use many financial metrics, analyses, models, and charts to gauge SMFG's fair value.
Using relative valuations methods:
- SMFG may be undervalued based on its P/E ratio of 12.06x, relative to Banks - Diversified industry P/E ratio of 13.4x
- SMFG could be undervalued based on its P/B ratio of 0.87x, relative to Banks - Diversified industry P/B ratio of 1.12x
- SMFG could be overvalued based on its PEG ratio of 1.21x
You can access additional valuation analysis on SMFG's stock here.
SMFG Financial Summary
Signs that SMFG is financially healthy:
- SMFG profit margin has gone up from 15.9% to 24.1% in the past year.
Signs that SMFG is not financially healthy:
- Total SMFG debt is higher than 5 years ago, relative to shareholder equity.
- SMFG has a relatively high debt to equity ratio of 19.28.
You can dig deeper into what analysts are projecting on the Sumitomo Mitsui Financial Group stock forecast page.
SMFG Trading Indicators
SMFG Growth Numbers
Last year, SMFG earnings were $6.44B. During the last 5 year, SMFG's earnings have increased by 1.36% per year. This was slower than the Banks - Diversified industry average of 6.72%.
Last year, SMFG revenue was $26.79B. In the last five year, SMFG's revenue has grown by -2.81% per year. This was slower than the Banks - Diversified industry average of 5.33%.
Dive into SMFG's earnings and revenue performance here.
Latest Insiders Trades at SMFG
In the last 12 months, insiders at SMFG have not bought or sold any shares.
Get more info about who owns SMFG shares here.
Does SMFG provide a stable income stream?
No, Sumitomo Mitsui Financial Group doesn't provide an income stream by paying out dividends.
What others are saying about SMFG
One of the major reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Place your SMFG buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the easiest way to buy. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given price limit, use a limit order.
Press the Open button and eToro will execute your order.
If you need more info about investing in stocks on eToro, click the how to video below:
Step 6: Get updates on your SMFG position
Now that you own some SMFG stock, you'll want to stay up-to-date on your new shares.
Start a watchlist to track the most important metrics related to your SMFG stock.
SMFG Feed
How to Buy Stock in Sumitomo Mitsui Financial Group
To reiterate, here are the 6 steps you need to take to buy Sumitomo Mitsui Financial Group stock right now:
- Decide where to buy Sumitomo Mitsui Financial Group stock
- Sign up for a brokerage account
- Deposit funds into your brokerage account
- Research Sumitomo Mitsui Financial Group stock
- Place your SMFG buy order
- Get updates on your SMFG position
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Sumitomo Mitsui Financial Group, click below.
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