SCGLY News and Press, Societe Generale ADR From 08/03/22

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 ...

SocGen managed to exit Russia and has taken the related losses, unlike some peers. Investment Banking exposure is a drag in the near term but should recover next year. A further hit to tangible net asset value per share of circa 0.6 EUR/share related to a capital raise for employe...

In an effort to move towards cryptocurrency custody, BNP Paribas ( OTCQX:BNPQF ) ( OTCQX:BNPQY ) is partnering with Swiss cryptocurrency infrastructure firm Metaco, CoinDesk reported Tuesday, citing three people with knowledge on the matter. BNP Paribas Securities Serv...

HSBC ( NYSE: HSBC ) was said to be in advanced talks to sell its Russian arm to Expobank amid the country's war in Ukraine, two people familiar with the matter told Bloomberg on Wednesday. Expobank, which has not been sanctioned, covers retail and corporate banking wit...

UniCredit ( OTCPK:UNCFF ) ( OTCPK:UNCRY ) is considering a transaction to sell its Russian unit in a way that would allow the Italian bank to repurchase the subsidiary if the geopolitical situation stabilizes, Bloomberg reported Tuesday, citing people familiar with the mat...

Citgroup ( NYSE: C ) is in talks with several privately owned Russian companies, including Expobank and insurance firm Reso-Garantia, for the sale of its operations in Russia, the Financial Times reported Friday, citing people familiar with the matter. Rosbank, Socie...

FPE is a high-yield ETF in preferred stocks. Since inception, it has lost 10% in share price. In 7 years, the annual sum of distributions has decreased by 19%. How to manage capital decay in high yield securities. For further details see: FPE: Better Than SPFF, But S...

Societe Generale (OTCPK:SCGLF) (OTCPK:SCGLY) will use Fidelity National Information Services (NYSE:FIS) for the transformation of its derivatives and settlement technology as part of an extended agreement between the two firms. Under the pact, the investment bank and financial services group ...

Italian bank UniCredit (OTCPK:UNCFF) (OTCPK:UNCRY) is in early stage talks to sell its Russian unit to financial institutions as well as non-sanctioned firms that desire a bank license from within Russia, people with knowledge on the matter told Bloomberg Wednesday. Meanwhile, UniCredit ...

Strong results above analyst expectations. Positive tailwinds thanks to ALD. After the recent sell-off, we continue to see SocGen with a compelling valuation. For further details see: SocGen: We Reiterate Our Buy Rating