Societe Generale : Q3 2018 results – sources of real satisfaction and persistent uncertainty
>Real sources of satisfaction - Operating profit excl. corporate centre came in 2.6% ahead of expectations.Final provisioning for US litigation.Corporate financing: after the good performances from CASA and BNPP, the increase in revenues (+7.9%) confirmed the growth momentum of these activities. Moreover, provisions remain practically zero after five quarters of provision writebacks. As with CASA, we think that the cost of risk on large corporates could rema...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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