SMFG aims to double sales and trading revenue to $5 billion, markets head says

Japan's Sumitomo Mitsui Financial Group is aiming to double revenue in its sales and ​trading business to 800 billion yen ($5 billion) within the next few years, its head of global ‌markets said, as the bank seeks to catch up with its rivals.

Reuters • Jun 4, 2026

Japan's megabanks post record profits, but analysts warn growth may slow as risks mount

Earnings growth for Japanese lenders is likely to moderate as credit risks rise. Japanese banks may also need to allocate more capital to support balance-sheet expansion

CNBC • May 21, 2026

Japan's Megabanks Expected To Post Record Profits In Coming Years

Japan's three megabanks are likely to continue setting new earnings records as the central bank's monetary policy normalization boosts their margins. Mitsubishi UFJ Financial Group, Sumitomo Mitsui Financial Group and Mizuho Financial Group are each expected to report record net income for the fiscal year that ended March 31, 2026.

Seeking Alpha • May 12, 2026

SMBC Capital Markets Hires Shrikar Shah to Lead Interest Rates Structured Trading

NEW YORK--(BUSINESS WIRE)--SMBC Americas hires Shrikar Shah to lead Interest Rates Structured Trading, advancing the firm's global sales and trading business.

Business Wire • Apr 23, 2026

SMBC Americas Announces Global Transaction Banking Platform Available for U.S. Clients

NEW YORK--(BUSINESS WIRE)--SMBC Americas Announces Global Transaction Banking Platform Available for U.S. Clients, Including Cash Management and Payments Capabilities.

Business Wire • Apr 22, 2026

Sumitomo Mitsui Financial: Staying Bullish On New ROE Targets

I'm sticking with a 'Buy' rating for Sumitomo Mitsui Financial Group following my assessment of its valuations and prospects. SMFG revealed its updated mid-teens ROE goal for the long run; I think this is achievable with cost-cutting moves and domestic rate hikes. The stock's current P/B of around 1.3x is undemanding, considering the significant discount to its U.S. peers.

Seeking Alpha • Apr 7, 2026

Jefferies Shares Spike Amid Buyout Talk From Japanese Lender

According to the Financial Times, SMFG, Japan's second-largest lender, has explored plans to position itself for a potential takeover of Jefferies if market conditions create an opportunity, according to people familiar with the matter.

Benzinga • Mar 24, 2026

Jefferies shares surge on report of Japan's SMFG preparing for potential buyout

efferies (JEF.N), opens new tab shares surged 10% in premarket trading on Tuesday after the Financial Times reported that Japan's Sumitomo Mitsui Financial Group (8316.T), opens new tab is working on plans for a ​possible takeover of the U.S. investment bank.

Reuters • Mar 24, 2026

Jefferies Financial Rallies On Takeover Talk Ahead Of Earnings

Jefferies Financial stock surged early Tuesday on reports that Japan-based Sumitomo Mitsui Financial (SMFG) is preparing for a potential buyout of the U.S. investment bank. The news comes ahead of Jefferies' earnings report late Wednesday.

Investors Business Daily • Mar 24, 2026

Jefferies stock jumps on SMFG takeover report

Shares of Jefferies Financial Group surged on Tuesday after reports suggested Japan's Sumitomo Mitsui Financial Group (SMFG) is exploring a potential takeover of the US investment bank, even as conflicting signals emerged over the likelihood of a deal. Takeover report lifts Jefferies shares Jefferies stock rose as much as 14% in premarket trading following a report by the Financial Times that SMFG is working on plans for a possible acquisition.

Invezz • Mar 24, 2026