Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success.
This week the portfolio I’m building (my Safari To Sweet Success portfolio) seeks a high-yield and growing stock in the financial services sector.Â
The financial sector includes nineteen industries all related to managing money: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance.
Today I’m reviewing a Large-Cap Global Bank. The company’s name is Sumitomo Mitsui Financial Group, Inc. Its trading ticker symbol is SMFG.
Sumitomo Mitsui Financial Group, Inc. and its subsidiaries offer a diverse range of financial services, including commercial banking, leasing, securities, consumer finance and other services.
Its Commercial Banking segment is the largest offering banking services for individuals, organizations, trusts and international entities
As of March 31, 2017, it had 440 branch offices in Japan; 18 branches, 20 sub-branches, and 4 representative offices internationally; and 54,947 ATMs.Â
The company’s Leasing segment offers equipment, operating, leveraged, aircraft, small-ticket, and automotive leasing. Its Securities segment provides financial products, investment consultation, and administration services to individual and corporate customers
The company’s Consumer Finance segment offers credit cards, and related settlement and financing services to individuals.Â
Sumitomo Mitsui Financial Group, Inc. also provides system development, data processing, management consulting, and economic research services; and system engineering and information services, as well as engaging in venture capital business.Â
