TOKYO (AP) — TOKYO (AP) — Sumitomo Mitsui Financial Group Inc. (SMFG) on Friday reported net income of $2.38 billion in its fiscal first quarter.

The Tokyo-based bank said it had earnings of 36 cents per share.

The bank posted revenue of $16.18 billion in the period. Its revenue net of interest expense was $16.18 billion, which beat Street forecasts.

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