SCGLY News and Press, Societe Generale ADR From 02/08/23

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. ...

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 Societe Generale is a bank I haven't written an update for in some time, but a stance update for 2023 seems justified given what's been going on with SocGen. I own a small stake in SocGen, but one I haven't really expanded on in some time. I do believe the time might have come t...

ALLIANCEBERNSTEIN AND SOCIETE GENERALE ANNOUNCE PLAN TO FORM JOINT VENTURE TO ACCELERATE GROWTH IN CASH EQUITIES PR Newswire The joint venture would combine Bernstein Research Services' premier global equity research and execution platform with Societe Gene...

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...

Summary I've previously written on the French bank Societe Generale, or SocGen. In that article, I viewed the company as a "BUY" and invested some cash in the stock. Since the time, the RoR came, and I sold off my share prior to the crash. But valuation has dropped to interesting ...

Societe Generale has reported some strong quarters in FY'22, with pre-provision profits well ahead of expectations (and European bank averages), but the shares have weakened further. In addition to exiting its direct Russian operations, SocGen has seen a meaningful turnaround in resul...

SocGen is delivering on its promises. The next catalyst will be the new CEO announcement. In the meantime, the French institute closed the second quarter with a loss but beats analysts' forecasts. ALD is SocGen's future cash cow. Solid operating results and targets confirmed. The ...