Société Générale : Prudence sur les perspectives de revenus et la génération de capital
>Génération de fonds propres future fragilisée par le business mix - Les résultats des Stress Tests, l’option du dividende en action sans échéance formelle et la hausse de 0.25% du « Pilar 2 Required » peuvent être interprétés par les investisseurs comme des indices de faiblesses. Nous estimons pourtant que le niveau du CET1 à fin 2018 (11.5% pro forma) est satisfaisant.Nous continuons cependant à penser que le business-mix de SG pénalise sa génération de fonds p...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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