Skip to Content

Societe Generale SA ADR SCGLY Stock Quote

| Rating as of

Morningstar‘s Stock Analysis SCGLY

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Good Underlying Performance at Societe Generale in Q2, but Loss on Russia Disposal Bites

Niklas Kammer, CFA Equity Analyst

Analyst Note

| Niklas Kammer, CFA |

No-moat Societe Generale reported second-quarter operating income of EUR 2,390 million, up 19% versus the same period a year ago. Income generation of EUR 7,065 million (up 13%) outpaced operating expenses of EUR 4,458 million (up 9%) resulting in the solid operating income performance. The group also booked a loss on the disposal of Rosbank and its insurance subsidiaries in Russia worth EUR 3.3 billion, which plunged the quarter's net result to a hefty loss of EUR 1,482 million. That said, underlying performance was solid and we maintain our fair value estimate of EUR 25.50 per share.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics SCGLY

Company Profile SCGLY

Business Description

Founded in 1884, Societe Generale is one of France's major banks. It was historically viewed as primarily a corporate and investment bank, but it has meaningful retail banking operations in France, Eastern Europe, Russia, and North Africa.

Contact
29, Boulevard Haussmann
Paris, 75009, France
T +33 142142000
Industry Banks - Regional
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 131,293