Societe Generale : Start of the anticipated sequential improvement in net income
>Anticipated revenue growth in Q2 - Société Générale is due to publish its Q2 2024 net income on 1 August. We forecast revenues of € 6,637m (+5.6%) a shade above the consensus (€ 6,561m, +4.4%) due to our more favourable estimate for international retail banking and market activities. Note that Q2 2023 revenues at the corporate centre were impacted by the unwinding of TLTRO-related hedges (-€ 0.1bn) and exceptional items (-€ 0.2bn). By business line, for revenue we fo...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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