Société Générale

GLE

FR0000130809

Banks

Real-time Euronext Paris Other stock markets 03:57:13 2024-04-23 am EDT			5-day change	1st Jan Change
25.18 ^EUR	+0.50%		+3.47%	+4.79%

07:25am	France's Iliad Launches EUR500 Million Bond Issue	MT
Apr. 22	SocGen's Monday Outlook for Currencies, Bonds, Macroeconomics, Policy Events	MT

Societe General plans to cut thousands of jobs at investment bank: Bloomberg

February 22, 2019 at 03:24 am EST

(Reuters) - French bank Societe General SA is planning to cut thousands of jobs at its global banking and investor solutions unit, as it looks to offset cost pressure from regulation, Bloomberg reported on Friday, citing people familiar with the matter.

The bank is also looking to find a partner for its cash-equity business, the report added.

Societe Generale did not immediately respond to a Reuters request for comment.

(Reporting by Shubham Kalia in Bengaluru)

Latest news about Société Générale

France's Iliad Launches EUR500 Million Bond Issue	01:25am	MT
SocGen's Monday Outlook for Currencies, Bonds, Macroeconomics, Policy Events	Apr. 22	MT
SocGen's Overnight Economic News Summary	Apr. 22	MT
Europe's bank earnings to offer interest rate reality check	Apr. 22	RE
Asian Central Banks Ramp Up Verbal, Actual Intervention, Says SocGen	Apr. 19	MT
SocGen's Overnight Economic News Summary	Apr. 19	MT
SocGen's Thursday Outlook for Currencies, Bonds, Macroeconomics, Policy Events	Apr. 18	MT
SocGen's Overnight Economic News Summary	Apr. 18	MT
Société Générale: appointment of Antoine Jacquemin	Apr. 18	CF
SOCIÉTÉ GÉNÉRALE : Rumours: divestment spree continues with the potential sale of SGSS to State Street	Apr. 17
Société Générale: appointment of Antoine Jacquemin	Apr. 17	CF
SocGen's Overnight Economic News Summary	Apr. 17	MT
SocGen Says Brazil's Budgetary Guidelines Aiming to Achieve Diluted Yet Realistic Targets Could Further Complicate Central Bank's Task	Apr. 16	MT
SocGen's EU Government Bonds Positioning Report	Apr. 16	MT
SOCIÉTÉ GÉNÉRALE : SG's earnings recovery gains legs as the execution of the strategic plan unfolds	Apr. 15
SocGen's Overnight Economic News Summary	Apr. 15	MT
SOCIÉTÉ GÉNÉRALE : SocGen’s divestment spree continues, improving the probability of guidance achievement	Apr. 12
SOCIÉTÉ GÉNÉRALE : sale of SGEF welcomed by UBS	Apr. 12	CF
STOXX 600 climbs over 1% on rate-cut optimism	Apr. 12	RE
SocGen to sell Moroccan units stakes for 745 million euros	Apr. 12	RE
Société Générale: agreement for divestments in Morocco	Apr. 12	CF
Societe Generale Agrees EUR745 Million Sale of Marocaine de Banques Stake, La Marocaine Vie	Apr. 12	MT
Saham Group SA signed a contract to acquire 57.67% stake in Société Générale Marocaine de Banques from Société Générale Société anonyme.	Apr. 11	CI
European shares cut back losses after ECB hints of rate cuts	Apr. 11	RE
SocGen to sell Equipment Finance business to BPCE for $1.2 billion	Apr. 11	RE

Chart Société Générale

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Company Profile

Société Générale is one of the largest French banking groups. Net interest income breaks down by activity as follows: - financing and investment banking (36.8%): specialized financing (for acquisitions, projects, etc.), activity on the stock, interest rate, currency exchange, and raw material markets, brokerage operations, merger-acquisition consulting, commercial banking activities, etc.; - retail banking in France (30.7%; SG). The group also develops asset management and private banking activities (EUR 143 billion in assets under management in 2023), and provides online banking and online brokerage services (Boursorama Banque) as well as an economic and financial information Website (boursorama.com); - provision of specialized financial and insurance services (16.5%): consumer loan, leasing, management of car fleets, professional equipment financing and insurance; - international retail banking (16%). At the end of 2023, Société Générale managed EUR 533.8 billion in current deposits and EUR 485.4 billion in current credits. Net interest income is distributed geographically as follows: France (40.2%), Europe (37.4%), the Americas (8.3%), Africa (8%) and Asia/Oceania (6.1%).

Sector

Banks

Calendar

2024-05-03 - Q1 2024 Earnings Release

Related indices

CAC 40 , STOXX EUROPE 600 (EUR)

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Analysis / Opinion

SocGen's Monday Outlook for Currencies, Bonds, Macroeconomics, Policy Events

March 25, 2024 at 08:40 am EDT

SOCIÉTÉ GÉNÉRALE : Rumours: divestment spree continues with the potential sale of SGSS to State Street

April 17, 2024 at 12:42 pm EDT

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Ratings for Société Générale

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Investor Rating

ESG Refinitiv

B-

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

25.05 EUR

Average target price

30.04 EUR

Spread / Average Target

+19.91%

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Société Générale

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GLE

FR0000130809

Banks

Societe General plans to cut thousands of jobs at investment bank: Bloomberg

EPS Revisions