Societe Generale cost outlook lift seen supporting EPS upgrades
J.P. Morgan analysts said Societe Generale’s improved cost outlook could drive consensus EPS upgrades. The bank forecasts return on tangible equity of 13%–14% by 2029, assuming 3% annual revenue growth and lower costs.
P. Morgan's Delphine Lee and Kian Abouhossein say Societe Generale's improved cost outlook should drive consensus EPS upgrades. The French bank is forecasting return on tangible equity between 13% and 14% by 2029, using 3% annual revenue growth and lower costs as the basis for its financial targets.