Societe Generale : Back to earnings outlook after improving the solvency
>Solvency secured until end-2020 - With an increased CET1 of 12.5% at end-September vs 12.0% at end-June, Société Générale (SG) has lived up to market expectations especially since this level is after the pro rata deduction of a cash dividend of € 2.20. SG should therefore be able to exhibit a CET1 much higher than 12.5% at end-2020 despite regulatory impacts of -30bp to -50bp. Of the +50bp gained in Q3, +10bp stems from reductions in the RWA of the market activities ...Societe Generale is a universal banking and financial services group based in France. Co. is engaged in operations in areas such as retail banking, corporate and investment banking, financial services, insurance, private banking and asset management. Co.'s three segments are: French Retail Banking (FRB); International Retail Banking & Financial Services (IBFS); and Global Banking and Investor Solutions (GBIS). FRB offers products and services to individual, professional and business customers; IBFS comprises banking networks and consumer finance activities; and GBIS covers global activities of Corporate and Investment Banking. Co. maintains operations across 76 countries globally.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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