Societe Generale : Solid earnings expected in Q2 2021, carrying on from Q1
>Strong growth in revenues expected driven by market activities - Société Générale is due to report its Q2 2021 earnings on 3 August. We forecast 9.8% growth in revenues in Q2 2021 to € 5,815m (in line with the consensus). Growth should benefit in particular from strong growth in revenues in the “global markets & investor services” segment of 28% to € 1,266m est. (the consensus forecast is for revenues of € 1,316m, +33%), versus a fall of 28% in Q2 2020 (SG suffered a...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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