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Home Stock Ideas Long Ideas Financials Summary Société Générale Société anonyme continues its turnaround, emphasizing cost reduction, technology efficiency, and targeted growth in equities, the U.S., and Central/Eastern Europe. SCGLY targets a Return on Tangible Equity of 13-14% by 2029, driven by IT intensity cuts, headcount controls, and business simplification across all divisions. The Bernstein acquisition boosts U.S. equity capital markets and prime brokerage, while Ayvens targets 14-16% ROTE in mobility services by 2029.
With a conservative 72% loans-to-deposits ratio and a forward P/E of 9x, SCGLY holds a Seeking Alpha Quant Buy rating, supported by ongoing business transformation. olrat/iStock Editorial via Getty Images Société Générale Société anonyme ( SCGLY , SCGLF ), known as SocGen, held its Capital Markets Day on 21st of September held at its offices in Canary Wharf, London and broadcast online . Société Générale is a French 2.25K Followers Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in SCGLY over the next 72 hours. I wrote this article myself, and it expresses my own opinions.
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Source: Seeking Alpha
