Find public news by keyword, exact ticker, category and date.
Open a ticker page for its news coverage. The news search below stays a text search.
5 results loaded, newest first. End of these results. The latest changes are still being indexed. Try again shortly for updated results.
At its Capital Markets Day, SocGen said it is targeting a return on tangible equity of 13%-14% in 2029, rising to more than 15% from 2030 onward. It also cited a 2026 target above 10%, previously raised from a 9-10% goal.
The French bank targets return on tangible equity above 15% by 2030, expecting cost cuts, AI savings and digital efficiency to drive returns, although rivals are ahead.
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.
Societe Generale on Monday announced a new strategic plan targeting a return on tangible equity of 13% to 14% by 2029, up from around 11% this year, and aims for a cost-to-income ratio below 55% by the same year.
Societe Generale lifted its return on tangible equity target to between 13% and 14% in 2029 and aims for a cost-to-income ratio below 55% by 2029, according to a new strategic plan unveiled on Monday.