SCGLF News and Press, Societe Generle Ord From 05/04/23

2023-05-04 16:15:09 ET Summary Societe Generale is one of the largest European banks with a business profile geared to retail and corporate banking. Its recent operating performance has been good, while its reported profit in 2022 was affected by its exit from Russia. A strong...

2023-04-24 16:00:00 ET Summary In this article, I will show you how you could build a broadly diversified investment portfolio with a relatively high Dividend Yield. The Weighted Average Dividend Yield [TTM] of the investment portfolio that I’m presenting in this article, s...

2023-03-29 09:50:23 ET Summary Here at the Lab, we have a bullish view of EU banks. RoTE at 9.6% and a shareholder return of more than 11% in 2023. Low cost of risks and a solid CET1 ratio make SocGen a buy. Société Générale (SCGLF)(SCGLY) anonyme rep...

2023-03-17 14:18:27 ET At least four large banks have put limits on trades with Credit Suisse Group ( NYSE: CS ), Reuters reported Friday, citing five people with direct knowledge of the matter. Societe Generale ( OTCPK:SCGLF ) ( OTCPK:SCGLY ) has maintained its exis...

Summary Underlying net banking grew 6.2% in Q4 Y/Y and 9.7% in 2022. Underlying ROTE of 7.6% in Q4 and 9.6% in 2022. Societe Generale's strongest performance was in International Retail & Financial Services, and weakness in French Retail. Cost of risk at 28 bps in 2022. 2023 gui...

Summary Société Générale Société anonyme Q4 net profit dropped by 35% to €1.16 billion on higher provisions; however, is higher than the consensus estimate. Societe Generale will launch a buyback of €440 million and a DPS at €1.70. ...

Societe Generale ( OTCPK:SCGLF ) is being probed by the U.S. Securities and Exchange Commission over whether the French lender has been keeping tabs of record-keeping requirements in connection with employees' communications on unauthorized messaging platforms, according to its annual report....

Summary At x0.4 Price to Book, Societe Generale's valuation makes little sense - especially considering the attractive interest rate environment. With the ECB raising the marginal lending facility likely to 4 percentage points by the end of 2023, SG is poised to see an enormous profitab...

Summary RoTE at 10.4% in Q3 2022. Cost of risk guidance confirmed at 30-35 bps. MDA buffer of 3.83% to take a 0.4% hit due to LeasePlan purchase but still in line with BNP Paribas. Buyback is 94% complete. I expect an extra 1 EUR/share benefit to tangible book (to 62.5 EUR/sha...

Summary Trading at P/B of 0.3, it is natural to ask if Société Générale is undervalued. Drilling down on its financial performance post-GFC, it is understandable why Societe Generale has not been trading at valuations similar to some of its global peers. Ou...