How To Buy Sumitomo Mitsui Financial Group Inc (SMFG) Stock
How To Buy SMFG
Sumitomo Mitsui Financial Group (SMFG) is a common stock listed on the NYSE exchange, which means you can buy the stock from most online brokers. Follow the steps below to learn how to purchase shares of SMFG.
Find a reliable broker.
Don't worry, it's easy and free to open a brokerage account. Below are our favorite brokers where you can buy Sumitomo Mitsui Financial Group from:
View All Recommended BrokersFund your new account.
You'll need to transfer money into your new brokerage account before you can buy the stock. Transferring via a bank transfer is recommended and the most common way to fund an account. Some brokers might allow funding via a debit or credit card.
Search for SMFG.
When your funds are settled into your account, look for Sumitomo Mitsui Financial Group on your broker by searching for the company name: Sumitomo Mitsui Financial Group or the ticker symbol: SMFG.
Buy the stock.
Once that you've found Sumitomo Mitsui Financial Group on your broker, submit a purchase order to buy shares of the stock (currently $12.65 a share). Depending on when you purchase, the stock might be higher or lower than the price listed. You may also be able to purchase fractional shares depending on your broker.
Once your order gets fulfilled, you've purchased your first shares of Sumitomo Mitsui Financial Group Inc.
Tips When Buying
When submitting your order, you may choose to buy shares of Sumitomo Mitsui Financial Group at the market price with a market order or at a set price using a limit order.
- Market order: Buys the stock immediately at its current price.
- Limit order: Buys the stock only once it reaches your target price.
By default all purchases are considered market orders unless specified otherwise. Limit orders are great for when you only want to buy shares of SMFG at a specific price.
Should You Buy SMFG Stock Now?
In the past week the price per share of Sumitomo Mitsui Financial Group has gone down ↓0.70 (-5.24%) while the daily volume has increased slightly. You should buy SMFG now if you think the stock will recover soon, or wait until you think the stock is done dropping.
In the end, you should be comfortable with the risk of the investment and only buy shares of SMFG when you feel the time is right.