Societe Generale : Net income expected to fall in Q4, but with robust underlying momentum
>Revenues forecast to decline vs a high comparison base - Société Générale is due to report its Q4 2022 net income on 8 February. We expect revenues of € 6,542m in Q4 (-1.2% vs Q4 2021 and -4.2% vs Q3 2022), above the consensus (€ 6,420m, -3.0%e) due notably to higher revenues forecast from CIB. By business line, we forecast notably: 1/ a 3.0% decline in retail banking revenue in France, with the interest rate hike not set to have a significant impact in Q4, and as t...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.