- 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.
- Societe Generale is one of the largest banks in the entire world and is France's third-largest banks, also considered a systematically important bank by the FSB.
- At current valuation and with the right perspective, SocGen is most certainly a "BUY" - but it does require some care.
For further details see:
Societe Generale Has A 175% 4-Year Upside