Skip to Content

Societe Generale SA - Stock Quote GLE

Rating as of

Morningstar's Societe Generale SA Stock Analysis

Valuation
Currency in EUR
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Capital Allocation

PREMIUM

Societe Generale First-Quarter 2022: Solid Revenue Growth for All Business Units

Niklas Kammer, CFA Equity Analyst

Analyst Note

| Niklas Kammer, CFA |

No-moat Societe Generale reported a net profit of EUR 0.84 billion for the first quarter of 2022, an increase of 3% year on year. Higher operating expenses and loan-loss provisions were more than offset by a 17% increase in net banking income. This was reflected in its EUR 1.4 billion operating income, up 14% compared to the first quarter of 2021. We maintain our EUR 25.50 per share fair value estimate.

Read Full Analysis

Societe Generale SA's Company Profile

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
Sector Financial Services
Industry Banks - Regional
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type
Employees 131,293

Societe Generale SA's Related News