Report
Steven Gould

Société Générale : Retour aux perspectives bénéficiaires après la mise à niveau de la solvabilité

>Solvabilité sécurisée jusqu’à fin 2020 - Avec un CET1 porté à 12.5% à fin septembre vs 12.0% à fin juin, SG répond aux attentes du marché d’autant que ce niveau s’entend après déduction de prorata d’un dividende de 2.20 € en cash. SG devrait donc être en mesure d’afficher un CET1 nettement supérieur à 12.5% à fin 2020 malgré des impacts réglementaires de -30 pb à -50 pb. Les +50 pb gagnés au T3 proviennent pour +10 pb des réductions de RWA des activités de marché, po...
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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