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Sumitomo Mitsui: Fiscal 1Q Earnings Snapshot

July 30, 2019

TOKYO (AP) _ Sumitomo Mitsui Financial Group Inc. (SMFG) on Tuesday reported fiscal first-quarter net income of $1.96 billion.

The bank, based in Tokyo, said it had earnings of 28 cents per share.

The bank posted revenue of $12.14 billion in the period. Its revenue net of interest expense was $12.14 billion, beating Street forecasts.

Sumitomo Mitsui shares have climbed slightly more than 7% since the beginning of the year. The stock has dropped 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SMFG at https://www.zacks.com/ap/SMFG

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