Societe Generale SA

Société Générale SA provides banking and financial services. It operates through the following business segments: French Retail and Private Banking, Insurances, International Banking, Mobility and Leasing Services, Global Markets and Investor Services, and Financing and Advisory. The French Retail and Private Banking segment includes the retail network, Boursorama online banking activities, wealth management solutions. The Insurance segment involves the life and non-life activities in France and abroad. The International Retail Banking segment consists of operations in Europe, Africa, the Mediterranean Basin, and Overseas. The Mobility and Leasing Services segment covers the financing of sales and professional equipment by Societe Generale Equipment Finance. The Global Markets and Investor Services segment refers to the financing and advisory, asset and wealth management. The Financing and Advisory segment focuses on servicing institutions, the public sector and transaction, and payment management services. The company was founded on May 4, 1864 and is headquartered in Paris, France.

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UniCredit SpA

Shares in European banks continued their upward trend on Thursday, mostly driven by the read-across from UniCredit's sweep to buy a 9% stake in Germany's Commerzbank a day earlier.

European banks rise as UniCredit's move on Commerzbank lifts M&A prospects to forefront

We believe management is delivering to streamline SocGen's structure. Société Générale Q2 results were positive and provided more downside protection due to a higher CET 1 ratio evolution. Even considering lower net income interest from SocGen's French retail division, the bank's valuation is too cheap to ignore.

Societe Generale: We Are Buyers

Societe Generale (SCGLY) plans to divest its private banking businesses in the U.K. and Switzerland, and its Madagascar subsidiary as part of its broader restructuring strategy.

News for Societe Generale SA Stock (SCGLY)