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Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) seasonal charts above shows that a Buy Date of November 26 and a Sell Date of February 20 has resulted in a geometric average return of 0.7% above the benchmark rate of the S&P 500 Total Return Index over the past 11 years. This seasonal timeframe has shown positive results compared to the benchmark in 8 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 11 years by an average of 13.89% per year.

The seasonal timeframe is Inline with the period of seasonal strength for the Financial sector, which runs from November 22 to April 13. The seasonal chart for the broad sector is available via the following link: Financial Sector Seasonal Chart.

Sumitomo Mitsui Financial Group is roughly tied with Mizuho Financial Group for the status of Japan’s second- largest bank after Mitsubishi UFJ Financial Group. As of March, its market share of domestic loans was 7.1%, compared with 8.7% for MUFG. It has a larger consumer finance business than the other two megabanks, owning 100% of the Promise business and controlling two major credit card players. It also controls one of Japan’s largest leasing companies and SMBC Aviation Capital, one of the top five aircraft lessors globally. In securities, its SMBC Nikko unit is Japan’s third- largest retail broker, although SMFG lags somewhat in institutional securities business and asset management, areas that it is working on strengthening.

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