Societe Generale SA

Société Générale SA engages in the provision of banking and financial services. It operates through the following segments: French Retail and Private Banking, Insurances, International Banking, Mobility and Leasing Services, Global Markets and Investor Services, and Financing and Advisory. The French Retail and Private Banking segment includes the retail network, Boursorama online banking activities, and wealth management solutions. The Insurance segment is involved in the life and non-life activities in France and abroad. The International Retail Banking segment is composed of operations in Europe, Africa, the Mediterranean Basin, and Overseas. The Mobility and Leasing Services segment covers the financing of sales and professional equipment by Societe Generale Equipment Finance. The Global Markets and Investor Services segment refers to the financing, advisory, and asset and wealth management. The Financing and Advisory segment focuses on servicing institutions, public sector and transaction, and payment management services. The company was founded on May 4, 1864 and is headquartered in Paris, France.

Societe Generale trades at a significant discount to its European peers due to weak fundamentals and poor earnings momentum, but recent trends show improvement. The bank's net interest income has risen sharply, driven by higher loan origination rates and the termination of unfavorable swaps, boosting overall revenue. Cost control measures have improved SocGen's efficiency, but higher provisions due to weak macroeconomic conditions have impacted earnings.

Societe Generale Is Now A Deep Value Play

Shares of French bank Societe Generale have had a fairly volatile year, with positively received third quarter results helping them regain some ground lost over the summer. As expected, the French retail banking business finally delivered better numbers, with net interest income improving significantly. Profitability remains quite weak. With the shares still trading for 0.4x tangible book value, this is more than in the price.

Societe Generale: Still A Bargain At 0.4x Tangible Book Value

SOCIETE GENERALE SIGNS AN AGREEMENT WITH  ATLANTIC FINANCIAL GROUP TO SELL ITS SUBSIDIARY  SOCIÉTÉ GÉNÉRALE GUINÉE

Societe Generale Signs an Agreement With atlantic Financial Group to Sell Its Subsidiary société Générale Guinée

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We believe management is delivering to streamline SocGen's structure. Société Générale Q2 results were positive and provided more downside protection due to a higher CET 1 ratio evolution. Even considering lower net income interest from SocGen's French retail division, the bank's valuation is too cheap to ignore.

Societe Generale: We Are Buyers

Societe Generale (SCGLY) plans to divest its private banking businesses in the U.K. and Switzerland, and its Madagascar subsidiary as part of its broader restructuring strategy.

News for Societe Generale SA Stock (SCGLY)