Previous close | 24.48 |
Open | 26.42 |
Bid | 0.00 x 0 |
Ask | 0.00 x 0 |
Day's range | 26.42 - 26.50 |
52-week range | 21.10 - 41.27 |
Volume | |
Avg. volume | 2,244 |
Market cap | 22.019B |
Beta (5Y monthly) | 1.86 |
PE ratio (TTM) | 5.35 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.88 (7.85%) |
Ex-dividend date | 25 May 2022 |
1y target est | N/A |
The outgoing chief executive of Societe Generale is in favour of selecting an internal candidate to lead the French banking group for the next 10 to 15 years after he leaves, a union representative said after meeting Frederic Oudea. One of the longest serving chief executives in European banking since the financial crisis, Oudea took investors by surprise on Tuesday, when he said he would step down in 2023 after 15 years of running the lender. Philippe Fournil, an official of the CGT union, said Oudea's successor was expected to be announced within six months so as to allow a smooth transition period of a half year.
Societe Generale said on Wednesday it had closed the sale of its Russian business Rosbank to the Interros group, a firm linked to Russian oligarch Vladimir Potanin, which will result in the bank taking a 3.2 billion-euro ($3.35 billion) net income hit. The impact of the sale reflects the evolution of foreign exchange rates since the announcement of the disposal on April 11. On March 31, Societe Generale’s CET 1 ratio was 12.9%, or around 370 basis points above the regulatory requirement.
FRANKFURT/LONDON (Reuters) -Societe Generale CEO Frederic Oudea, who navigated the French bank through a rogue trading scandal and the euro zone crisis, will leave next year, ending a tumultuous 15 years at the top. The longest-serving chief executive of a major European bank, Oudea took charge at the height of the 2008 financial crisis as the bank grappled with the multi-billion-euro fallout of a rogue trading scandal. A student of France's elite Polytechnique engineering school and of the National Administration School, whose graduates include French presidents Jacques Chirac and Emmanuel Macron, Oudea started his career in the civil service before becoming one of the country's best-known bankers.