Societe Generale : Net income expected to reach a low point this year in Q3
>Revenues expected to fall by 9% in this quarter - Société Générale is due to release Q3 2023 financial results on 3 November. As a reminder, the group will modify the breakdown of its results between each entity (no impact on consolidated group net income), but our forecasts and consensus estimates are based on the former business lines and corporate center scopes. We forecast revenues of € 6.2bn, down 9.2% vs Q3 2022, marginally below the consensus (€ 6.24bn). By bu...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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