SMFG second-quarter profit falls 10%, raises annual earnings forecast

Impact · against what's priced in

SMFG is likely to see a modest positive reaction as the raised annual earnings forecast offsets the disappointing 10% drop in second-quarter profit. The upward guidance provides a fresh catalyst for full-year EPS estimates.

8316+0.20

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In context

The company raised its annual earnings forecast, which outweighs the 10% decline in second-quarter profit.

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Actual

• banking▲9%
• guidance
• earnings
• 8316
• japan
• profit warning

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