Streetbeat News

SSUMY

Sumitomo Corporation

https://www.sumitomocorp.com/

CEO

Masayuki Hyodo

Open

21.23

Mkt cap

26B

Volume

1.8K

High

21.38

P/E Ratio

11.37

52-wk high

28.90

Low

21.21

Div yield

0.04

52-wk low

19.00

Archer Aviation Inc. has signed an agreement with Soracle Corporation, a joint venture by Japan Airlines and Sumitomo Corporation, for the purchase of up to $500 million worth of electric aircraft. Soracle aims to introduce advanced air mobility services in Japan using Archer's Midnight aircraft.

Portfolio Pulse from

November 07, 2024 | 1:15 pm

Sumitomo reported a decrease in Q2 EPS to $0.71 from $0.88 YoY, despite a slight increase in sales to $11.73B from $11.57B YoY.

Portfolio Pulse from totan@benzinga.com

October 31, 2024 | 9:53 am

Global market turmoil originating in Japan caused a significant but temporary decline in Japanese stocks, impacting Warren Buffett's $20 billion investment in Japanese trading houses. Despite an initial 30% plunge, the market recovered most losses by the end of the week. Berkshire Hathaway's strategic shift includes selling half of its Apple stake and increasing U.S. Treasury holdings.

Portfolio Pulse from Benzinga Neuro

August 12, 2024 | 8:24 am

Equinor ASA (NYSE:EQNR) has extended its 35-year partnership with Nippon Steel Corporation (OTC:NPSCY) and Sumitomo Corporation (OTC:SSUMY) by renewing a long-term contract to supply OCTG for up to 9 years. This contract highlights their commitment to stable supply, product development, and low carbon compliance. Equinor shares are trading higher, up 1.7% at $28.97. Investors can gain exposure via Amplify ETF Trust Amplify Natural Resources Dividend Income ETF (NYSE:NDIV) and SGI Enhanced Global Income ETF (GINX).

Portfolio Pulse from Lekha Gupta

July 03, 2024 | 2:30 pm

Blackstone Inc. (NYSE:BX) plans to invest $9.6 billion in Japan by 2027, citing accelerated growth in the Japanese economy. Other investment managers like Bain Capital, KKR & Co Inc (NYSE:KKR), and Berkshire Hathaway Inc (NYSE:BRK) are also focusing on Japan. The iShares MSCI Japan ETF (NYSE:EWJ) has seen a 9% rise in 2024.

Portfolio Pulse from Hayden Buckfire

June 10, 2024 | 7:28 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.