Societe Generale (SocGen) released this morning its numbers for Q3 19. Profit before loan losses was lower than expected mainly due to lower revenues from the CIB. However, a stronger than expected solvability (+40bp vs consensus) should offset this.
06 Nov 2019
Strong capital beat
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Strong capital beat
Societe Generale S.A. Class A (GLE:WBO) | 0 0 0.9% | Mkt Cap: 37,685m
- Published:
06 Nov 2019 -
Author:
Farhad Moshiri -
Pages:
2
Societe Generale (SocGen) released this morning its numbers for Q3 19. Profit before loan losses was lower than expected mainly due to lower revenues from the CIB. However, a stronger than expected solvability (+40bp vs consensus) should offset this.