The bear market is probably not over yet, the Société Générale warned in a report on the US stock market on Tuesday, adding that its duration would indicate whether the US economy would enter a period of stagnant inflation of the 1970s. The S&P 500 officially entered the bear market last week, falling more than […]
Tag: General Societe
SocGen: The bear market is probably not over – Possible 33% drop for the S&P 500
The bear market is probably not over yet, the Société Générale warned in a report on the US stock market on Tuesday, adding that it could take a long time if the US economy enters a period of stagnant inflation of the 1970s. could “sink” the S&P 500 an additional 33% lower than current levels, […]
SocGen: The bear market is probably not over – 1970s inflation shock will plunge the S&P 500 by 33%
The bear market is probably not over yet, the Société Générale warned in a report on the US stock market on Tuesday, adding that it could take a long time if the US economy enters a period of stagnant inflation of the 1970s. could “sink” the S&P 500 an additional 33% lower than current levels, […]
Société Générale: Sees Addition to MSCI Indices for National Bank, Mytilineos and ELPE
Her Eleftherias Kourtali Société Générale sees the addition of the National Bank and Mytilineos to the key indicators of MSCI as well as the possible import of Greek Petroleum, with a parallel deletion of Jumbo, in the forthcoming restructuring on 12 May. According to the French bank, the ratios of size / capitalization as well […]
Societe Generale: Sells its stake in Rosbank and leaves Russia
Societe Generale has announced that it will suspend its banking and insurance operations in Russia, including the sale of Rosbank. The French bank has said it will divest its entire stake in Rosbank and its Russian insurance subsidiary Interros Group, one of Rosbank’s former shareholders. SocGen stressed that the sale would lead to a write-off […]
Societe Generale: At 18.6 billion euros its exposure to Russia
The French bank Societe Generale announced that its exposure to Russia is set at 18.6 billion euros and that it could cope if it eventually loses Russian assets. “The group has more than enough security reserves to absorb the consequences of a possible extreme scenario in which the group will lose ownership of its banking […]
Societe Generale: Profits increased in the fourth quarter
Societe Generale announced net profit increased in the fourth quarter of last year, setting a distribution policy to shareholders of 2.75 euros per share. The French bank stressed that the net profit for the quarter amounted to 1.79 billion euros compared to 470 million euros in the corresponding period last year. Analysts expected 1.27 billion […]