SCGLY News and Press, Societe Generale ADR From 05/12/23

2023-05-12 17:57:27 ET Summary Profits beyond expectations and no drop in deposits. Solid liquidity coverage ratio. Strong balance sheet and positive CET-1 ratio development. 2023 outlook is confirmed and so is our valuation. Since our latest update called ' Time...

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...

2023-04-20 11:32:38 ET As part of its effort to bridge the gap between traditional capital markets and digital assets, Societe Generale's ( OTCPK:SCGLF )( OTCPK:SCGLY ) cryptocurrency-focused unit Forge has introduced a euro-pegged stablecoin on the ethereum ( ETH-USD ) blockcha...

2023-04-11 07:55:08 ET Summary One month ago, Silicon Valley Bank failed, with a resulting decline across the diversified banking industry. Some investors may be tempted to buy the dip, while others are considering doubling down on losing positions. However, the industry may r...

2023-04-04 10:16:12 ET Cashflow represents a critical financial figure for investors, as it indicates the amount of funds a company captures from its business operations. Looking at the top cash generators on Wall Street, it's no surprise that the list includes some of the world's most high...

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...

2023-03-20 10:21:08 ET The financial sector remains volatile as investors navigate the latest banking crisis. With a collapse of Silvergate Capital, Silicon Valley Bank and Signature Bank, along with ongoing turmoil at First Republic Bank and the takeover of Credit Suisse by UBS, m...

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...

2023-03-09 10:47:39 ET With the Federal Reserve leaning into a "higher for longer" policy, growth stocks might see a tough time ahead, given that these more speculative investments tend to underperform in times of rising interest rates. Given this scenario, defensive investors might shi...

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...