Reuters

04 Jun 2026, 00:48 UTC · 3h ago

SMFG aims to double sales and trading revenue to $5 billion, markets head says

Read original · https://www.reuters.com/business/finance/smfg-aims-double-sales-trading-revenue-5-billion-markets-head-says-2026-06-04/

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Sumitomo Mitsui Financial Group aims to double revenue in its sales and trading business to 800 billion yen ($5 billion) within the next few years. — Aggressive revenue growth targets in high-margin trading activities typically signal improved profitability and competitiveness for the bank.
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2
The bank is increasing its focus on global markets to close the gap with its industry rivals. — Strategic shifts to catch up with peers indicate a drive for market share, though it may involve increased operational risk.
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The company is implementing an ambitious growth strategy to double its sales and trading revenue.

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