Societe Generale SA ADR

SCGLY: OTCM (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Societe Generale: Capital Markets Day Provides Us With Confidence to Increase Our Valuation by 30%

Johann Scholtz

Sep 28, 2026

Societe Generale set a new 13%-14% return on tangible equity target for 2029 at its capital markets day. Getting there means a 2% lower cost base and 3% annual revenue growth over 2026-29, with 80% of profits returned through dividends and share buybacks.

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Societe Generale SA ADR

Societe Generale: Capital Markets Day Provides Us With Confidence to Increase Our Valuation by 30%

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