Societe Generale : Disappointment at Retail France
>Retail France – second negative signal since start of the year - The downward revision to the 2018 revenue outlook to -1%/-2% vs stable is disappointing in terms of the timing and in comparison to other networks. It has come one quarter after the announcement that the increase in operating expenses could reach up to 3.0% in 2018. We think that this is partly due to limited growth in volumes, particularly in loans to companies and other borrowers excluding private ind...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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