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Société Générale Société anonyme (SCGLF)

Other OTC - Other OTC Delayed price. Currency in USD
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22.10+2.15 (+10.78%)
At close: 03:43PM EDT

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  • C
    Chris
    Let me summarise the facts again. The Soc Gens exposure to the full defaults of the Russian exposures are 2.1bn net equity and 0.5bn of sub debt in Rosbank, and 3.2 bn of cross border loans. The full default if this happened, would be 5.8bn. Soc gen had the equity of 70.9 bn as at 31st Dec 202q. So they would still be with 65 bn of equity. However the market cap fell 16bn in the last month....
  • C
    Charles
    JPMorgan just upgraded Soc Gen and applied a price target of $6.28 (adjusted for fx and ADR).
  • C
    Charles
    Q2 earnings beat and capital goal of 12% was met early, resolving concerns that more equity would be issued. Positive analyst note followed, predicting outperformance. up 4% in Paris.
  • a
    alen
    In a statement from 4q 2019. few days ago, Socgen said the new dividend policy is taking place-it will count 50% of UNDERLYING NET INCOME to dividend with option of 10% buyback!
    Well thats a huge thing, knowing that for 2019. UNI was aprox. 4,76 eur per share and they also said for 2020 expectation are higher regarding net income!
    In other words we can expect higher dividend + 10% shares buyback!
    Awesome!
  • L
    Lars
    A hysterical overreaction. It's not like Soc Gen has a third of its value in Russian business. Or am I missing something?
  • B
    Bob
    not many readers here, but must make a case for current status:hav not verified yet the rev#'s that yahoo presents here, but prelim overview suggests that stock is ready 4 a positive turn. troubles for the bank yes, but compelling fundamentals for a buy now. stock @ 50% of yr ago- definitely an "accumulate status" now. 2pts in 1/2 yr very achievable. ugly charts ready 4 a turn, downside risk modest. now in & will accumulate more. consider this, ....& bnpqy also.
  • A
    Adrian Cristea
    Good signs for q1 2021... any taughts on whole year guidelines? Bullish or bearish?
  • C
    Chris
    With a CET1 ratio of 13.7% at 31 December 2021, i.e. a buffer of around 470 basis points above the regulatory requirement, the Group has more than enough buffer to absorb the consequences of a potential extreme scenario, in which the Group would be stripped of property rights to its banking assets in Russia. The capital impact has been estimated at around -50 basis points of the CET1 ratio, based on a Rosbank net book value equivalent to EUR 2.1 billion at 31 December 2021, EUR 0.5 billion in subordinated loan and including the cancellation of associated RWA. This would not affect the payment of the dividend for the year 2021.

    Impact of 50 bps?? Seems tiny
  • A
    Alan
    Why is SG dropping so much today .
  • D
    Dan
    15E soon
  • A
    Alan
    Mr President , the market only wants to hear the good news. Even though there is slight growth , the choice of your words from you n your deputy CEO cause the stock price to drop so much downwards rather than upwards.. Please say only all the action plan to prevent the stock prices from dropping further .SG price hv drop to record low already. Let your action do the talking .
  • F
    Firas
    25 soon
  • A
    Alan
    Why is Going on here with SG? Totally no support when they say that their earning r OK .
  • A
    Alan
    Can the president say something when he says is making profit .The market is turning green n SG is in the red for the whole of last week ?
  • F
    Filippo
    GLE ready for skyrocket. We'll see a decent price in two weeks. IMO
  • T
    Techanalyst
    this week it may again go below 12 euros. it's all trading not owning equity
  • a
    alen
    President of the board has said earliyer this year he is confident in dividend od 3,2 eur in 2020. Thats yield more than 9% !
    Why this price then ..??
  • A
    Alan
    SG is not keeping up with the index today.!!!Why?
  • t
    too good
    nevere again will i own foreign bank shares!
  • A
    Alan
    what happen to all the confidence from the President.? Any good news from SG that can revert the stock in the near future.