Between disappointing third quarter earnings and a new multiyear
strategic plan that I believe many investors found underwhelming, Societe Generale (OTCPK:SCGLY)
(GLE.FR) has seen its shares pressured once again. Although there have
been some signs of life in this French bank’s international operations,
the domestic operations have been lackluster, as have the capital
markets businesses. Still, this is a bank that is structurally geared
toward growth, and if economic growth does in fact pick up across
Europe, Societe Generale may yet hit its long-awaited 10%-plus ROE
target and unlock meaningful value.
Read more here:
Geared To Growth, Societe Generale's New Plan Doesn't Offer Much That's New
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