Report
Steven Gould

Société Générale : Redressement de la rentabilité en ligne de mire

>Conclusion – Redressement de la rentabilité plus impérative - Les cours actuels valorisent assez correctement les perspectives bénéficiaires du groupe SG dans sa configuration actuelle. Cependant, le RoTE ne dépasserait que de peu 7%, soit en-deçà de la médiane de notre univers (9%) et de son CoE (9.5% à 10.0%). Après le rebond du titre induit par le redressement de la solvabilité, la poursuite de la revalorisation nécessitera donc une nette amélioration des perspect...
Underlying
Societe Generale S.A. Class 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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Steven Gould

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