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SCGLF / Societe Generale: A Longer Than Expected Re-Rating Journey

Societe Generale: A Longer Than Expected Re-Rating Journey
Société Générale investors were not pleased with the company's growth targets. Here at the Lab, we positively view the new CEO's intention to reset expectations, but we believe the company's objectives are too conservative, given Boursorama's trajectory and current rates. Valuation is very much discounted. Our buy is then confirmed. Read More
Posted: Oct 5 2023, 02:54
Author Name: Seeking Alpha
Views: 112149

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Societe Generale: A Longer Than Expected Re-Rating Journey

By Seeking Alpha
October 5, 2023

Societe Generale: A Longer Than Expected Re-Rating Journey

Société Générale investors were not pleased with the company's growth targets. Here at the Lab, we positively view the new CEO's intention to rese more_horizontal

Societe Generale: 2026 RoTE Target Shows Structurally Lower Profitability, Still Attractive Risk-Reward Opportunity

By Seeking Alpha
September 19, 2023

Societe Generale: 2026 RoTE Target Shows Structurally Lower Profitability, Still Attractive Risk-Reward Opportunity

Societe Generale unveils a 9-10% RoTE target for 2026 at its Investor Day, some 2.5% lower than peers. The new 40-50% payout ratio is set to be based more_horizontal

Analysis: Societe Generale vision falls flat as Europe's banks falter

By Reuters
September 18, 2023

Analysis: Societe Generale vision falls flat as Europe's banks falter

Societe Generale's much-hyped new strategy plans were given a thumbs down by investors on Monday, underscoring uncertainty over European banks as they more_horizontal

Societe Generale: Asset Quality And More Upside

By Seeking Alpha
September 3, 2023

Societe Generale: Asset Quality And More Upside

Societe Generale continues to beat market expectations, and we expect a re-rating with the imminent new strategic plan. The bank confirmed the buyback more_horizontal

Societe Generale: Share Price Appreciation Pending

By Seeking Alpha
August 10, 2023

Societe Generale: Share Price Appreciation Pending

Societe Generale reported strong Q2 results, surpassing analyst expectations for both revenue and earnings. The bank announced an EUR 440 million shar more_horizontal

Explainer: Who are the lenders stepping up as SocGen scales back in Africa

By Reuters
June 8, 2023

Explainer: Who are the lenders stepping up as SocGen scales back in Africa

Societe Generale on Thursday agreed to sell some of its businesses in Africa to pan-African banking groups Coris International and privately-held Vist more_horizontal

Buy Societe Generale For Its Depressed Valuation And 8% Dividend Yield

By Seeking Alpha
May 4, 2023

Buy Societe Generale For Its Depressed Valuation And 8% Dividend Yield

Societe Generale is one of the largest European banks with a business profile geared to retail and corporate banking. Its recent operating performance more_horizontal

Societe Generale to pay $105 mln in rate-rigging settlement

By Reuters
April 14, 2023

Societe Generale to pay $105 mln in rate-rigging settlement

Societe Generale SA agreed to pay $105 million to settle U.S. investor litigation accusing the French bank of violating antitrust law by conspiring wi more_horizontal


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