SCGLF News and Press, Societe Generle Ord From 03/04/22

Citigroup (C -2.5%) tops the list of global investment banks with the biggest exposure to Russia in emerging market fixed-income and currencies trading at $100M, reports International Financing Review. Goldman Sachs (GS -1.8%) and Societe Generale (OTCPK:SCGLF -5.6%) each lost ~$50M and JPMor...

Strong operating performance, low cost of risk and exceptional factors made 2021 the best year ever for Societe Generale. RoTE of 9.2% for Q4 was below the 10.2% achieved for the full year. I expect further deterioration in 2022 given expected cost of risk at below 30 bps (2021 13bps)...

Binance.US, the American arm of cryptocurrency exchange Binance, hired former Société Générale (OTCPK:SCGLF) associate Tammy Weinrib as chief compliance officer, CoinDesk reported Thursday, citing a statement. Weinrib, who joined Binance.US from her most recent positi...

Bank of the West disposal. Solid fundamentals and strong Q4 Results. Increased importance of ARVAL. For further details see: BNP Paribas: Everything Fully Priced In

Greek bonds are once again at the center of the selloff and Greek yields are up 200 basis points since last August. Unlike ten years ago, Greek and Italian banks have rallied by 25 percent. Although European banks outperformed US peers, their valuations are exceptional cheap. Euro...

Q3 Group Net Income at 1.6B EUR driven by all businesses, as well as a 185M EUR gain on real estate disposal. Q3 Underlying RoTE at 10.9%. Capital position (CET1 at 13.4%) remains superior to BNP Paribas (CET1 at 13%). MDA (maximum distributable amount) buffer also shines, at 440 bps ...

The portfolio gained 3.51% in the third quarter 2021 and the performance YTD increased to 81.19%. The portfolio outperformed the German DAX (+11.26%) and the MSCI World Index (+12.37%) in 2021. My best performers of Q3 were Gazprom (+38.1%) again, freenet (+13.5%), and Bank of Chi...

Net income of $1.44 billion marks the best quarter since Q2 2016 on the back of strong performance across all businesses. The planned 470 million EUR buyback in Q4 2021 is a step in the right direction given the large tangible book discount. With the capital position strengthened,...

Société Générale (OTCPK:SCGLF): Q2 net income of €1.62B Net banking income of €6.26B (+18.1% Y/Y) Press Release For further details see: Société Générale reports Q2 results

The portfolio rose another 7.4% in the second quarter after it gained 62.94% in the first quarter 2021. Hence, the total return for the first half is 75.1%. The portfolio outperformed the German DAX (+12.9 %) as well as the MSCI World Index which gained 12.4% from January till the end...