Societe Generale : Revenue growth and a marked decline in the cost of risk in Q2
>Revenues beat forecasts in retail banking in France - Société Générale published Q2 2021 earnings on Tuesday. Revenues were € 6,261m (+18%), beating forecasts (consensus at € 5,821m) notably due to a marked increase in revenues at the retail banking activity in France and services to corporates (ALD), whilst revenues at market activities were also up sharply (strong growth in equity activities). In retail banking in France, revenues were up 8%, driven by an increase...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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