Société Générale Société anonyme (GLE.PA)
| Previous Close | 27.44 |
| Open | 27.14 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 26.92 - 27.39 |
| 52 Week Range | 20.23 - 27.95 |
| Volume | |
| Avg. Volume | 3,378,213 |
| Market Cap | 21.825B |
| Beta (5Y Monthly) | 1.53 |
| PE Ratio (TTM) | 15.88 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.90 (3.30%) |
| Ex-Dividend Date | May 27, 2024 |
| 1y Target Est | N/A |
- Reuters
SocGen CEO: cross-border mergers between European banks are structurally unlikely
Cross-border mergers between European banks are structurally unlikely, Societe Generale CEO Slawomir Krupa said on Wednesday, a week after French President Emmanuel Macron called for greater consolidation in the sector. "In Europe today, they are extraordinarily unlikely for a number of reasons, the first of which is regulatory: there are significant capital surcharges linked to the size of banking institutions," he told shareholders at the company's annual general meeting in Paris. Two individual shareholders pressed Krupa to react to specific comments made by Macron related to SocGen, as the French president appeared open to seeing the lender acquired by another large European bank.
- Reuters
European shares end higher on tech support; banks slide
(Reuters) -European shares notched its biggest one-day gain since a week ago on Friday, driven by gains in the technology sector, while banks dropped to over a week's low, weighed down by Societe Generale following a dismal forecast. The pan-European STOXX 600 index rose 0.4%, boosted by a 1.6% gain in the technology sector following an upbeat quarterly sales forecast from U.S-based Apple. However, the top index was set for a weekly decline, as investors navigated the earnings season in full drive and the European Central Bank's policy outlook beyond June.
- Reuters
SocGen's weak prospects in French retail hits shares
PARIS (Reuters) -Societe Generale shares fell more than 5% on Friday after the bank's CFO flagged that net interest income in 2024 from the group's French retail business would be at the lower end of guidance. The French bank's shares had earlier gained more than 5%, hitting their highest since March 2023, after SocGen reported first-quarter results that beat analysts' forecasts. "We are today at the lower range of this guidance and of our projections," Chief Financial Officer Claire Dumas told analysts, referring to the retail business.
