Societe Generale : High revenues and cost of risk still low in Q3
>Revenues better than expected in Q3 - Société Générale yesterday morning released its Q3 2021 results. Revenues came in at € 6.672bn (+14.9% vs Q3 2020), well ahead of expectations (consensus € 5.86bn, our forecast € 5.876bn), with good momentum in the various business lines. In retail banking in France, revenues amounted to € 1.976bn (+7.6%, 5.4% ahead of the consensus), bearing in mind that SG recognised in Q3 the second boost from the TLTRO, which largely account...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.
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.