SCGLY News and Press, Societe Generale ADR From 02/09/22

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

I expect Societe Generale’s current financials to mirror future ones even without the extraordinary positives of 2021. SocGen’s earnings should benefit from a better operating environment and its cost-cutting efforts. I see upside to consensus estimates. I see multip...

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,...

Societe Generale posted its fourth straight significant and higher-quality quarterly beat. Revenue and profit leverage was strong across the business, and pre-provision profits were more than half the beat. Management is taking another crack at improving the French retail operations, ...

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...

I've recently written about a number of European undervalued banks which, thanks to COVID-19, are trading at very low valuations. While visibility for these banks and their eventual recovery can only be considered "poor", I feel it would be wrong not to point out the opportunity here....

The first quarter of 2021 was outstanding since many portfolio positions jumped significantly. The portfolio gained 62.94%, which is a record increase since the inception in 2013. GameStop, Lenovo, Turtle Beach, Ford, and Ferrexpo lead the rise as undervalued stocks were discovere...

Societe Generale has reported deteriorated financial figures in 2020 due to the impact of Covid-19. This has pushed its valuation to the cheapest levels in more than five years, trading at only 0.23x book value. This means that there is a lot of upside potential if economic activi...