Societe Generale: Still A Bargain At 0.4x Tangible Book Value
Portfolio Pulse from
Societe Generale's shares have been volatile but improved after positive Q3 results, with better performance in the French retail banking sector. Despite weak profitability, shares are trading at 0.4x tangible book value, indicating potential undervaluation.
November 07, 2024 | 10:15 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Societe Generale's shares have shown volatility but improved after positive Q3 results, with better performance in the French retail banking sector. Despite weak profitability, shares are trading at 0.4x tangible book value, indicating potential undervaluation.
The article highlights Societe Generale's improved Q3 results and better performance in the French retail banking sector, which has helped regain some lost ground. The shares are trading at 0.4x tangible book value, suggesting they may be undervalued. This could attract investors looking for bargains, potentially driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100