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Societe Generale ADR (SCGLY)

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  • Fri, Jan. 9, 7:54 AM
  • Mar. 18, 2013, 5:10 AM
    European bank shares slide following news of the levy on deposits in Cyprus, which has prompted concerns of a run on banks elsewhere in the eurozone. The Stoxx Europe 600 Banks index -2.1%. In Madrid, BBVA -3.7%; in Milan, Banca Popolare di Milano -3.9%, Intesa Sanpaolo -3.3%, Mediobanca -4.6%, Banca Monte dei Paschi di Siena -3.8%. In Paris, SocGen -4.2%, Credit Agricole -2.9%, BNP Paribas -3.3%. In Frankfurt, Deutsche Bank (DB) -2.8%.
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  • Apr. 13, 2012, 10:09 AM
    Europe touches new session lows about an hour and a half before its close for the week. Stoxx 50 -2.3%, Spain (earlier) -3.3%, Italy -2.8%, Germany -2.1%. Banco Santander (STD -3.3%), SocGen (SCGLY.PK -5.4%, Deutsche Bank (DB -3.8%), Financial ETF: EUFN -2.3%. Euro -0.7% to $1.3099.
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  • Feb. 16, 2012, 4:18 AM
    Societe Generale (SCGLY.PK): Q4 net profit -89% Y/Y to €100M vs. consensus of €317M. Reduces exposure to GIIPS sovereign debt to €2.7B, cuts exposure to Greece to €307M, writes down €620M. Core Tier 1 ratio (Basel 2.5) 9.0%. Corporate & investment bank loss €482M. Omits dividend for 2011. Shares -3% in Paris. (PR .pdf)
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  • Feb. 10, 2012, 7:56 AM
    Ignoring an earnings miss and a red tape (especially for the banks) in Europe, Barclays (BCS) shares turn higher, +2.5% in London. The ADRs are +4.3% premarket. Other EU banks: DB -4.9%, SocGen (SCGLY.PK) -4.8%, RBS -1.7%.
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  • Jan. 30, 2012, 1:22 PM
    Euro bank stocks were hit hard once again, as a new round of Greek bailout fears triggered a strong selloff. UBS -3.4%. BCS -4.8%. CS -3.5%. STD -3.7%. CRARY.PK -7.4%. BNPQY.PK -7.1%. SCGLY.PK -7.4%.
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  • Jan. 23, 2012, 6:45 AM
    European banks shoot higher this morning on reports of a Franco-German push to weaken bank capital rules. In Paris, Societe Generale +7.9%, Credit Agricole +5.5%, AXA +2.8%. Premarket U.S.: Deutsche Bank +3%, UBS +1.8%, RBS +1.2%, ING +1.5%, Lloyds +1%.
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  • Nov. 8, 2011, 9:21 AM
    SocGen (SCGLY.PK) is 9% higher in Paris after reporting a sharp drop in profit from marks taken on its Greek holdings.The lender will eliminate its 2011 dividend and speed up asset sales as it focuses on hitting and even exceeding the new 9% capital ratio required by 2013's end. Shares -53% YTD.
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  • Nov. 2, 2011, 4:32 AM
    EU bank shares regain some of their dignity after yesterday's steep losses, with the STOXX Europe 600 Banks index +2%, Societe Generale (SCGLY.PK) +5.7%, Credit Agricole (CRARY.PK) +4.8%, BNP Paribas (BNPQY.PK) +5.3%, Deutsche Bank (DB) +2.1%, UniCredit (UNCIF.PK) +5.5%, Barclays (BCS) +2.2%, and RBS (RBS) +1.9%.
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  • Nov. 1, 2011, 4:38 AM
    EU banks are taking a pounding following the Greek referendum news, with the STOXX Europe 600 Banks index -5.1%, Societe Generale (SCGLY.PK) -13.6%, Credit Agricole (CRARY.PK) -10.85%, BNP Paribas (BNPQY.PK) -9.4%, Deutsche Bank (DB) -7.9%, UniCredit (UNCIF.PK) -8.1%, Barclays (BCS) -5.5%, and RBS (RBS) -4.9%.
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  • Oct. 27, 2011, 9:11 AM
    Today's 18-22% move higher in French banks gives them gains of as much as 50% in 5 weeks! It's entirely possible the capital raises anticipated by the EBA can be accomplished through retention of earnings - maybe a pleasing thought to shareholders, even if they have to miss a year's worth of dividends.
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  • Oct. 27, 2011, 7:14 AM
    European bank shares are the big winners following yesterday's/this morning's deals. BNP Paribas (BNPQY.PK) +16.2%, SocGen (SCGLY.PK) +14.7%, Credit Agricole (CRARY.PK) +20.3%, DB +13.7%, RBS +8.1%, UBS +7.1%.
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  • Oct. 13, 2011, 7:53 AM
    French banking shares are sharply lower today, but rather than a new sign of weakness, they're likely just giving back monstrous recent gains. BNP Paribas (BNPQY.PK) is off 7.9% after popping more than 50% over the last 3 weeks. SocGen (SCGLY.PK) -4.9%, Credit Agricole (CRARY.PK) -5.6%.
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  • Oct. 12, 2011, 10:19 AM
    Financial stocks (XLF +2.1%) are a primary source of leadership in the early going, as diversified players such as JPMorgan Chase (JPM +1%) and Citigroup (C +4.9%) rally on the back of aggressive buying. U.S. banks follow the lead of European counterparts: Deutsche Bank (DB) +6.6%, Barclays (BCS) +8.7%, SocGen (SCGLY.PK) +6.9%.
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  • Sep. 26, 2011, 7:18 AM
    It's the beaten down bank shares partying hardest in Europe. SocGen (SCGLY.PK) leads the French lenders, +8%. In Milan, Intesa Sanpaolo +10.1%. Germany's Deutsche Bank (DB) +8% premarket.
    | 2 Comments
  • Sep. 21, 2011, 9:07 AM
    The large French banks have moved from down sharply to green in the past 30 minutes. Rumors are making the rounds that the government may force a merger or recapitalization of the lenders. The CAC 40 has moved to nearly flat, from -1.7%.
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Company Description
Societe Generale and its subsidiaries are engaged in banking and finance activities, which are divided into three divisions: Retail Banking & Specialized Financial Services, Corporate & Investment Banking, and Asset Management, Private Banking & Securities Services: Co.'s activities are managed... More
Sector: Financial
Country: France