Societe Generale : Strong fall in net income expected in Q4 ahead of an anticipated recovery as of this year
>Fall in revenues on a high base of comparison - Société Générale is scheduled to report its Q4 2023 net income on 8 February. We expect revenues to be down sharply to € 6.1bn (-11.5% vs a high base of comparison), though slightly above the consensus (€ 5.9bn, -14.9%). We notably expect revenues to outstrip the consensus in mobility services and leasing. By business line, we expect: 1/ revenues of € 1,935m (-22.0%) in French retail banking, private banking and insuran...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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