Societe Generale

Societe Generale is a universal banking and financial services group based in France. Co. is engaged in operations in areas such as retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Co.'s three segments are: French Retail Banking (FRB); International Retail Banking & Financial Services (IBFS); and Global Banking and Investor Solutions (GBIS). FRB offers products and services to individual, professional and business customers; IBFS comprises banking networks and consumer finance activities; and GBIS covers global activities of Corporate and Investment Banking. Co. maintains operations across 76 countries globally.
  • TickerGLE
  • ISINFR0000130809
  • ExchangeEuronext Paris
  • SectorBanks
  • CountryFrance

Analysts

Johann Scholtz

Morningstar | Socgen's 3Q Results Flattered by Revaluation

No-moat Societe Generale reported underlying net income of EUR 1.3 billion for the third quarter, which represents a 16% increase year on year. However, the underlying number is flattered by the EUR 271 million revaluation of Socgen's interest in Euroclear, which was booked during the quarter. We maintain our EUR 42 fair value estimate and no-moat rating. French retail banking contributes around 30% of Socgen's net income, and it had flat earnings growth year over year as 2% revenue growth was offset by a 13% increase in credit costs. Investment banking contributes around another 30% of Socge...

Johann Scholtz

Socgen's 3Q Results Flattered by Revaluation

No-moat Societe Generale reported underlying net income of EUR 1.3 billion for the third quarter, which represents a 16% increase year on year. However, the underlying number is flattered by the EUR 271 million revaluation of Socgen's interest in Euroclear, which was booked during the quarter. We maintain our EUR 42 fair value estimate and no-moat rating. French retail banking contributes around 30% of Socgen's net income, and it had flat earnings growth year over year as 2% revenue growth was o...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/12/2018

...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/11/2018

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Jean Sassus ...
  • Steven Gould

Societe Generale : Q3 2018 results – sources of real satisfaction and persistent uncertainty

>Real sources of satisfaction - Operating profit excl. corporate centre came in 2.6% ahead of expectations.Final provisioning for US litigation.Corporate financing: after the good performances from CASA and BNPP, the increase in revenues (+7.9%) confirmed the growth momentum of these activities. Moreover, provisions remain practically zero after five quarters of provision writebacks. As with CASA, we think that the cost of risk on large corporates could rema...

Alain LOPEZ ...
  • Christine KAM
  • Gilles de BOURROUSSE
  • Jan PATTEYN
  • Louis GUINTRANGE NONCHEZ

*** Octo - Creditorial - 05 June 2018 ***

Octo - Creditorial - 05 June 2018

Alain LOPEZ ...
  • Christine KAM
  • Gilles de BOURROUSSE
  • Jan PATTEYN
  • Louis GUINTRANGE NONCHEZ

*** Octo - Creditorial - 05 juin 2018 ***

Octo - Creditorial - 05 juin 2018

Johann Scholtz

Morningstar | Socgen's 3Q Results Flattered by Revaluation

No-moat Societe Generale reported underlying net income of EUR 1.3 billion for the third quarter, which represents a 16% increase year on year. However, the underlying number is flattered by the EUR 271 million revaluation of Socgen's interest in Euroclear, which was booked during the quarter. We maintain our EUR 42 fair value estimate and no-moat rating. French retail banking contributes around 30% of Socgen's net income, and it had flat earnings growth year over year as 2% revenue growth was offset by a 13% increase in credit costs. Investment banking contributes around another 30% of Socge...

Johann Scholtz

Socgen's 3Q Results Flattered by Revaluation

No-moat Societe Generale reported underlying net income of EUR 1.3 billion for the third quarter, which represents a 16% increase year on year. However, the underlying number is flattered by the EUR 271 million revaluation of Socgen's interest in Euroclear, which was booked during the quarter. We maintain our EUR 42 fair value estimate and no-moat rating. French retail banking contributes around 30% of Socgen's net income, and it had flat earnings growth year over year as 2% revenue growth was o...

Jean Sassus ...
  • Steven Gould

Societe Generale : Q3 2018 results – sources of real satisfaction and persistent uncertainty

>Real sources of satisfaction - Operating profit excl. corporate centre came in 2.6% ahead of expectations.Final provisioning for US litigation.Corporate financing: after the good performances from CASA and BNPP, the increase in revenues (+7.9%) confirmed the growth momentum of these activities. Moreover, provisions remain practically zero after five quarters of provision writebacks. As with CASA, we think that the cost of risk on large corporates could rema...

Jean Sassus ...
  • Steven Gould

Société Générale : Résultats T3 2018 – Sujets de satisfaction réels et incertitudes persistantes

>De vrais sujets de satisfaction - Le résultat d’exploitation hors Corporate Center ressort 2.6% au-dessus des attentes.Provisionnement final des litiges US.Corporate Financing: après les bonnes performances de CASA et BNPP, la hausse des revenus (+7.9%) confirme la dynamique de croissance de ces activités. Par ailleurs, les provisions restent pratiquement nulles après 5 trimestres de reprises de provisions. Comme pour CASA, nous estimons que la charge du ri...

Alex Koagne ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Olfa Taamallah
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/05/2018

...

1 director bought

A director at Societe Generale bought 1,000 shares at 37.845EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of bo...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/12/2018

...

Ahmed Ben Salem ...
  • Bruno Cavalier
  • Emmanuel Matot
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Veysel Taze
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/11/2018

...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Jean Sassus
  • Matthias Desmarais
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/27/2018

...

Fehmi Ben Naamane ...
  • Harald Eggeling
  • Jean Sassus
  • Matthias Desmarais
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 27/09/2018

...

Ibrahim Firdaus

Societe Generale

Ibrahim Firdaus

Societe Generale

Ibrahim Firdaus

Societe Generale

null

Ibrahim Firdaus

Societe Generale

null

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Jehanne Leroy

Proxy Report - 23/05/2018

No major modification has been implemented in the 2018 remuneration policy. Therefore, LTI still allows vesting in case of underperformance. This kind of practice does not meet French and European best practice and is not acceptable for a company's of Société Générale's size. Hence, we recommend shareholders oppose items 6 and 8 to 11.

Jehanne Leroy

Proxy Report - 23/05/2018

Aucune modification majeure n'est apportée à la politique de rémunération 2018 des dirigeants. Ainsi, la société maintient les modalités d'acquisition de la rémunération long-terme, à savoir l'acquisition des instruments même en cas de performance iinférieure à la médiane. Or, ce type de pratiques ne respecte ni les meilleurs standards français, ni ls pratiques européennes, ni les principes de vote de Proxinvest. C'est l'une des principales raisons pour lesquelles Proxinvest ne soutient pas les résolutions 6 et 8 à 11.

Matthieu DRIOL

Analyse court terme - SOCIETE GENERALE-A : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 31,967 €, puis 30,642 €. Le franchissement de 38,400 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - SOCIETE GENERALE-A : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €31.967, then €30.642. Passing €38.400 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - SOCIETE GENERALE-A : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 31,967 €, puis 30,642 €. Le franchissement de 38,400 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - SOCIETE GENERALE-A : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €31.967, then €30.642. Passing €38.400 would question the continuation of the fall.

Matthieu DRIOL

Analyse moyen terme - SOCIETE GENERALE-A : Le mouvement se poursuit.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 31,967 €, puis 26,346 €. Le franchissement de 39,700 € remettrait en cause la suite de la baisse.

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