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Societe Generale SA (SOGN.PA)

SOGN.PA on Paris Stock Exchange

24.55EUR
15 Feb 2019
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€0.76 (+3.20%)
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Thu, Feb 7 2019

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Societe Generale trims targets as market downturn takes toll

PARIS Societe Generale has cut its profitability target after the French bank was hit by a fourth-quarter market downturn, joining other European banks battling a tough environment.

UPDATE 3-Societe Generale trims targets as market downturn takes toll

PARIS, Feb 7 Societe Generale has cut its profitability target after the French bank was hit by a fourth-quarter market downturn, joining other European banks battling a tough environment.

France's SocGen trims targets as market downturn takes toll

PARIS France's Societe Generale cut its profitability target after it was hit by a fourth quarter market downturn, joining other European banks battling a tough climate.

Breakingviews - Spluttering SocGen undone by its own complacency

LONDON (Reuters Breakingviews) - Frédéric Oudéa needs a new name for his strategic plan, Transform to Grow. Given the Société Générale chief executive’s admission that the French bank must restructure to stand still on shareholder returns, “transform to woe” may be more appropriate. Planned cuts to SocGen’s misfiring trading hub will only go so far. A capital shortfall is a potentially bigger concern.

UPDATE 1-SocGen and Absa join forces on wholesale banking in Africa

* Shares in both banks flat, investors sceptical (Recasts, adds Absa interview, context, shares, investor comment)

SocGen blames rocky markets for its profit warning

PARIS French bank Societe Generale warned that volatile markets would hurt its fourth quarter profit, hitting its shares and other banks which have yet to report earnings.

SocGen blames rocky markets for its profit warning

PARIS French bank Societe Generale warned that volatile markets would hurt its fourth quarter profit, hitting its shares and other banks which have yet to report earnings.

UPDATE 3-SocGen blames rocky markets for its profit warning

* SocGen shares fall, knocks down shares of rivals (Adds analysts' comments and more detail)

SocGen agrees to sell Serbian unit to Hungary's OTP Bank

PARIS/BUDAPEST French bank Societe Generale has agreed to sell its bank in Serbia to Hungary's OTP Bank , as SocGen continues its retreat from parts of eastern Europe while OTP gradually increases its presence in the region.

UPDATE 1-SocGen agrees to sell Serbian unit to Hungary's OTP Bank

* SocGen says sale will have negative hit on Q4 results (Adds detail and background)

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