#Latest news with #HidekiSuzukiBloomberg14-05-2025BusinessBloombergSumitomo Mitsui Expects Record Profit in Face of Trade TensionsBy and Hideki Suzuki Save Sumitomo Mitsui Financial Group Inc. forecast another year of record profit, signaling the Japanese bank is confident it will withstand the fallout from Donald Trump's trade war. Japan's second-largest lender expects net income of ¥1.3 trillion ($8.8 billion) for the year started in April, up about 10% from last year's record ¥1.18 trillion, it said on Wednesday. The projection compares with the ¥1.37 trillion average of 13 analyst estimates compiled by Bloomberg.
Bloomberg14-05-2025BusinessBloombergSumitomo Mitsui Expects Record Profit in Face of Trade TensionsBy and Hideki Suzuki Save Sumitomo Mitsui Financial Group Inc. forecast another year of record profit, signaling the Japanese bank is confident it will withstand the fallout from Donald Trump's trade war. Japan's second-largest lender expects net income of ¥1.3 trillion ($8.8 billion) for the year started in April, up about 10% from last year's record ¥1.18 trillion, it said on Wednesday. The projection compares with the ¥1.37 trillion average of 13 analyst estimates compiled by Bloomberg.
14-05-2025
