Report
Benoit Valleaux ...
  • Steven Gould

Societe Generale : Earnings expected to increase with a continuation of underlying trends

>Revenues expected to grow in Q3 - Société Générale is due to report its Q3 2024 earnings on 31 October. We expect revenues of € 6,619m (+7.0%) a shade above the consensus (€ 6,532m, +5.5%) due to higher estimates for international retail banking and mobility & leasing. In retail banking in France (ex insurance), we look for revenues of € 2,051m, in line with the consensus and up 17.8% vs Q3 2023, which was penalised by interest rate hedging costs (which will no longe...
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
Benoit Valleaux

Steven Gould

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