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Societe Generale
(OTC:SCGLY)
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Rating:65Neutral
Price Target:
$20.50
â–²(15.43% Upside)
Action:Reiterated
Date:08/04/26
The score is held back primarily by weaker financial statement quality—higher leverage and negative recent operating/free cash flow despite improved profitability. Offsetting this are strong technical momentum (price above major moving averages) and an attractive valuation (low P/E), plus a constructive earnings call with upgraded 2026 targets and solid capital/liquidity supporting confidence in execution.
Positive Factors
Cost Discipline & Efficiency
Sustained structural cost reductions (IT/supplier simplification and thousands of initiatives) have already pushed cost/income below 60%. That durable efficiency improves operating leverage, supports margin sustainability and raises the odds of meeting upgraded ROTE targets over the next 2–6 months.
Negative Factors
Higher Leverage
A material increase in leverage sharply raises balance-sheet risk and sensitivity to funding and market shocks. Higher debt-to-equity reduces financial flexibility, can raise funding costs, and constrains capital deployment or corrective actions if earnings or markets deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Cost Discipline & Efficiency
Sustained structural cost reductions (IT/supplier simplification and thousands of initiatives) have already pushed cost/income below 60%. That durable efficiency improves operating leverage, supports margin sustainability and raises the odds of meeting upgraded ROTE targets over the next 2–6 months.
Read all positive factors
Societe Generale (SCGLY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$60.63B
Dividend Yield2.03%
Average Volume (3M)169.12K
Price to Earnings (P/E)8.4
Beta (1Y)1.08
Revenue Growth16.42%
EPS Growth29.45%
CountryUS
Employees110,000
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.50
Shares Outstanding3,754,503,400
10 Day Avg. Volume43,719
30 Day Avg. Volume169,117
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.86
Price to Sales (P/S)0.60
P/FCF Ratio-1.79
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.81
Revenue Forecast (FY)$31.89B
Societe Generale Business Overview & Revenue Model
Company Description
Société Générale S.A., a financial institution headquartered in Paris, France, provides a wide array of financial services to a varied client base. This includes individual customers, corporate entities, and large institutional investors, with its...
How the Company Makes Money
Société Générale primarily earns revenue through net interest income, fees and commissions, and trading/market-related income across its business lines. (1) Retail banking and financial services: The bank generates net interest income from the spr...
Societe Generale Earnings Call Summary
Earnings Call Date:Jul 30, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call presented a strong, execution-led performance: record H1 net income, revenue growth (notably in French Retail and GBIS), substantial cost reductions, robust capital (CET1 13.2%) and liquidity metrics, and upgraded 2026 targets. These positives outweigh operational pockets of weakness—primarily in Mobility/Ayvens used-car sales, FICC market headwinds, and some declining loan/deposit volumes in parts of the retail network—together with conservative provisioning. Overall the tone is confident and proactive with management highlighting completed IT/supplier simplification, ongoing cost initiatives and plans to invest selectively.Positive Updates
Record H1 Net Income, Shareholder Returns and Capital Actions
Group record H1 net income of EUR 3.5 billion; interim dividend EUR 0.75 per share (+23% YoY); launch of an extraordinary EUR 1.5 billion share buyback.
Negative Updates
Mobility / Ayvens Revenue Weakness
Mobility, International Retail Banking & Financial Services revenues decreased (aggregate -4.9% vs Q2 2025 at constant perimeter & FX); Mobility & Financial Services specifically down ~-10% in Q2 driven by Ayvens' lower used-car sales as secondary market normalizes.
Read all updates
Q2-2026 Updates
Positive
Negative
Record H1 Net Income, Shareholder Returns and Capital Actions
Group record H1 net income of EUR 3.5 billion; interim dividend EUR 0.75 per share (+23% YoY); launch of an extraordinary EUR 1.5 billion share buyback.
Read all positive updates
Company Guidance
Management upgraded 2026 targets: revenue growth of more than +2% (already +2.4% H1 / +4.5% Q2; +6.1% at constant perimeter/FX), a sharper cost reduction of around ‑4% for the year (upgraded from ~‑3%; operating expenses were down ‑5% H1 and ‑4.1% Q2), and ROTE around 11% (up from >10%; H1 ROTE 12%, Q2 ROTE 12.2%); they reaffirm a year‑end cost/income ratio below 60% (H1 59.7%, Q2 58.6%) and keep cost of risk guidance at 25–30 bps (Q2 27 bps). Capital and cash return guidance includes a CET1 of c.13.2% after a EUR1.5bn extraordinary buyback, an interim dividend of EUR0.75/share (+23% YoY), and strong liquidity (EUR339bn reserves, LCR 146%, NSFR 115%), with management expressing confidence in delivering the upgraded targets.Societe Generale Financial Statement Overview
Summary
Income Statement
54
Neutral
Balance Sheet
41
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.85B | 86.16B | 97.64B | 87.14B | 53.99B | 46.12B |
| Gross Profit | 49.86B | 52.60B | 52.51B | 44.36B | 36.10B | 36.25B |
| EBITDA | 19.63B | 19.09B | 16.82B | 12.84B | 9.58B | 13.48B |
| Net Income | 7.93B | 5.77B | 4.20B | 2.49B | 1.82B | 5.64B |
Balance Sheet | ||||||
| Total Assets | 1.67T | 1.55T | 1.57T | 1.55T | 1.49T | 1.46T |
| Cash, Cash Equivalents and Short-Term Investments | 404.01B | 369.17B | 273.13B | 327.40B | 289.83B | 179.97B |
| Total Debt | 172.40B | 287.17B | 183.09B | 181.13B | 154.80B | 151.28B |
| Total Liabilities | 1.59T | 1.47T | 1.49T | 1.48T | 1.41T | 1.39T |
| Stockholders Equity | 71.64B | 60.36B | 70.26B | 65.97B | 66.97B | 65.10B |
Cash Flow | ||||||
| Free Cash Flow | -26.19B | -29.01B | -21.53B | 25.56B | 29.50B | 13.83B |
| Operating Cash Flow | -21.40B | -19.65B | -10.10B | 37.42B | 39.09B | 20.29B |
| Investing Cash Flow | 7.10B | -28.44B | -13.74B | -12.07B | -9.01B | -10.12B |
| Financing Cash Flow | -2.31B | -8.56B | -1.27B | -3.90B | -214.00M | -3.63B |
Societe Generale Technical Analysis
Positive
17.76
Price Trends
17.16
Positive
16.38
Positive
15.72
Positive
Market Momentum
0.38
Negative
67.92
Neutral
99.95
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SCGLY, the sentiment is Positive. The current price of 17.76 is above the 20-day moving average (MA) of 17.50, above the 50-day MA of 17.16, and above the 200-day MA of 15.72, indicating a bullish trend. The MACD of 0.38 indicates Negative momentum. The RSI at 67.92 is Neutral, neither overbought nor oversold. The STOCH value of 99.95 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SCGLY.
Societe Generale Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $26.41B | 12.48 | 11.79% | 3.43% | 0.18% | 14.72% | |
72 Outperform | $99.70B | 13.74 | 12.34% | 2.83% | 3.92% | 24.15% | |
68 Neutral | $96.01B | 11.08 | 21.64% | 7.10% | 19.64% | 12.10% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $127.22B | 14.57 | 12.28% | 1.73% | 2.65% | 54.00% | |
65 Neutral | $60.63B | 8.43 | 10.90% | 2.14% | 16.42% | 29.45% | |
62 Neutral | $89.74B | 20.34 | 10.75% | 3.26% | -13.48% | 25.29% |
* Financial Sector Average
SCGLY
Societe Generale
19.13
6.62
52.95%
ITUB
Itau Unibanco
8.49
2.65
45.28%
LYG
Lloyds Banking
6.26
2.03
48.06%
MFG
Mizuho Financial
10.26
4.28
71.57%
PNC
PNC Financial
251.72
68.75
37.58%
RF
Regions Financial
31.48
7.27
30.03%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.