Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) released its quarterly earnings data on Thursday. The company reported $999.00 earnings per share for the quarter, reports. The firm had revenue of $4.88 billion for the quarter.
Sumitomo Mitsui Trust Stock Up 1.4%
Shares of Sumitomo Mitsui Trust stock opened at $7.44 on Friday. The company has a 50 day moving average of $6.96 and a 200-day moving average of $6.63. Sumitomo Mitsui Trust has a 1-year low of $5.03 and a 1-year high of $7.78.
Wall Street Analyst Weigh In
Separately, Zacks Research downgraded shares of Sumitomo Mitsui Trust from a “hold” rating to a “strong sell” rating in a report on Thursday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Sumitomo Mitsui Trust Company Profile
Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.
The group’s core activities span trust banking, asset management, real estate services and wholesale banking.
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