SMFG

MIAMI, July 16, 2026 /PRNewswire/ -- Canal Road Group ("CRG") today announced an expansion of its strategic relationship with SMBC as the bank makes an equity commitment to CRG's direct lending strategy that will unlock up to $225 million in additional investable capital. The commitment will increase CRG's investment capacity to $2.3 billion, inclusive of financing, for its direct lending strategy.

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.

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

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.