Sometimes it seems like French banking giant Societe Generale (OTCPK:SCGLY) can't catch a break. Management lays out ambitious expense and return targets, and analysts don't buy it … until they actually start delivering. Management lays out a strategy to grow assets and revenue in international markets like Africa, and analysts don't buy it. But when speculation arises that Russia could expropriate the company's assets and/or that the U.S. will slam the company with fines, that they choose to believe.
To be sure, the threat of significant business disruptions to SocGen's Russian operations is real. Likewise, it seems improbable that BNP Paribas (OTC:BNPZY) would get hit with fines and SocGen would get by unscathed. All of that...
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