Societe Generale : Operating trends set to remain favourable
>Good business levels expected in retail banking in Q3 - Société Générale is due to report its Q3 2021 earnings on 4 November. We forecast revenues of € 5.876bn (+1.2% vs Q3 2020, -6.1% vs a very high level of revenues in Q2 2021), close to the consensus (€ 5.86bn, +0.9% vs Q3 2020). By business line, we expect a good level of revenues in retail banking in France and in international markets, against a backdrop of economic recovery and fee growth. Revenues are also li...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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