Societe Generale higher 2029 profitability target seen credible
Jefferies says Societe Generale has a credible path to a higher 2029 profitability target, forecasting return on tangible equity (ROTE) of 13%-14% by 2029 versus 12.6% consensus.
Societe Generale has outlined a credible route to its higher 2029 profitability target, Jefferies analysts Joseph Dickerson and Theo Massing said. The French bank is forecasting return on tangible equity of between 13% and 14% by 2029, versus the 12.6% consensus.