Sumitomo Mitsui (SMFG) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Sumitomo Mitsui Financial Group, Inc. (SMFG) has completed a significant repurchase of its own shares, totaling 4,112,500 shares for JPY 44,881,307,500, and has announced the cancellation of 9,561,800 shares scheduled for August 20, 2024. This cancellation represents 0.7% of the pre-cancellation issued shares, aligning with the company’s strategic financial management plans. The repurchase and cancellation are part of SMFG’s capital policy to enhance shareholder value and optimize capital efficiency.
For further insights into SMFG stock, check out TipRanks’ Stock Analysis page.
