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The latest announcement is out from Sumitomo Mitsui ( (SMFG) ).
Sumitomo Mitsui Financial Group, Inc. announced the progress of its share repurchase plan, acquiring 15,253,700 shares of its common stock for JPY 57,305,815,900 from December 1 to December 31, 2024. This move is part of a larger strategy approved by the Board of Directors to repurchase up to 60,000,000 shares, equivalent to 1.5% of shares issued, by January 31, 2025, which aims to enhance shareholder value and optimize capital structure through market purchases.
More about Sumitomo Mitsui
Sumitomo Mitsui Financial Group, Inc. is a prominent financial services company based in Tokyo, Japan. It provides a range of financial services including banking, leasing, securities, and consumer finance, primarily focusing on the Japanese market and expanding its influence globally.
YTD Price Performance: 0.62%
Average Trading Volume: 1,156,201
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $93.65B
See more data about SMFG stock on TipRanks’ Stock Analysis page.
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