Societe Generale Lowers Guidance
No-moat Societe Generale reported net income of EUR 3.9 billion for the 2018 fiscal year, somewhat stronger than the EUR 3.7 billion we had penciled in. Socgen did, however, reduce its previous guidance through to 2020. After incorporating the reduced guidance, we reduce our fair value estimate to EUR 33 per share from EUR 42 per share previously.In response to Socgen's revised guidance, we reduce our net income estimates for 2019 and 2020 by 8% and 17%, respectively. There are several main dri...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.