Société Générale (SG) this morning released its Q117 figures. Total income at €6.47bn was 2% higher than consensus expectations and 4.5% above our own. Adjusting this number for better income in the corporate center, total income would be respectively 1% and 3% higher. Total expenses of €4.64bn were 1% and 2.5% higher than the consensus’ forecasts and our own estimates. Adjusted for litigation charges (at €350m), loan losses at €277m were
04 May 2017
The French elections aside, French retail banking still under pressure
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The French elections aside, French retail banking still under pressure
Societe Generale S.A. Class A (GLE:WBO) | 0 0 0.9% | Mkt Cap: 37,685m
- Published:
04 May 2017 -
Author:
Farhad Moshiri -
Pages:
3
Société Générale (SG) this morning released its Q117 figures. Total income at €6.47bn was 2% higher than consensus expectations and 4.5% above our own. Adjusting this number for better income in the corporate center, total income would be respectively 1% and 3% higher. Total expenses of €4.64bn were 1% and 2.5% higher than the consensus’ forecasts and our own estimates. Adjusted for litigation charges (at €350m), loan losses at €277m were