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Societe Generale SA ADR SCGLY Stock Quote

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Morningstar‘s Stock Analysis SCGLY

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Is it the right time to buy or sell?
Is it the right time to buy or sell?

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5-Star Price

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Economic Moat

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Capital Allocation

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Societe Generale Needs a Profitability Boost

Niklas Kammer, CFA Equity Analyst

Business Strategy and Outlook

| Johann Scholtz, CFA |

Societe Generale, or SocGen, has not been able to generate a level of profitability ahead of its cost of capital since 2006, and we do not anticipate any changes that will position the bank to outearn its cost of capital on a consistent basis. Cost-cutting can potentially improve profitability, but there is also an inflexion point where further cost-cutting will result in damage to the franchise.

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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 Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 117,000