- Net Income: €1.11 billion, up 24% year-over-year, beating estimates of €1.04 billion.
- Net Banking Income: €6.69 billion, up 6.3% year-over-year, beating estimates of €6.58 billion.
- Global Banking & Investor Solutions:
- Net Banking Income: €2.62 billion, up 10% year-over-year, beating estimates of €2.34 billion.
- Global Markets & Investor Services Revenue: €1.74 billion, beating estimates of €1.48 billion.
- FIC Sales & Trading Revenue: €571 million, up 3.1% year-over-year, beating estimates of €534.9 million.
- Equities Revenue: €989 million, up 24% year-over-year, beating estimates of €812.7 million.
- Security Services Revenue: €181 million, beating estimates of €163.3 million.
- Financing & Advisory Revenue: €879 million, beating estimates of €855.3 million.
- France Retail, Private Banking & Insurance: Net Banking Income: €2.13 billion, up 1% year-over-year, slightly below estimates of €2.19 billion.
- Operating Expenses: €4.57 billion, up 2.9% year-over-year, slightly above estimates of €4.5 billion.
- Operating Income: €1.73 billion, up 2.9% year-over-year, in line with estimates of €1.74 billion.
- Provision for Loan Losses: €387 million, compared to €166 million year-over-year, slightly exceeding estimates of €378.9 million.
- CET1 Ratio Fully-Loaded: 13.1%, meeting the estimate of 13.1%.
- Comments: Forecasts FY24 net interest income for French Retail, Private Banking, and Insurance at around €3.8 billion.
A look at Societe Generale Sa Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Societe Generale SA appears to have a positive long-term outlook. The company scores high in value, indicating that it may be undervalued relative to its fundamentals. Additionally, Societe Generale SA has a strong dividend score, suggesting that it offers attractive returns to investors. With a decent momentum score, the company may be showing positive trends in price movements, which could be a good sign for future performance.
However, Societe Generale SA seems to have lower scores in growth and resilience factors. This may indicate challenges in terms of growth potential and the company’s ability to withstand economic uncertainties. Despite these lower scores, Societe Generale SA’s overall outlook remains positive, especially considering its diversified banking services and financial offerings across various sectors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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