1309 GMT - Societe Generale's online bank BoursoBank is well placed to benefit from increased participation in equity markets by French households, driven by digital natives, Jefferies writes. Intentions of French households to invest in stocks were at their highest level on record, according to a barometer used by regulator AMF, which was set up in 2017. This trend creates another fee-growth opportunity for the French bank and will help BoursoBank hit its target of 8 million clients by 2026 by attracting new users seeking better returns for their savings, analyst Joseph Dickerson and associate Theo Massing say. BoursoBank also recently moved into mass affluent wealth and is likely to offer longer-run synergies with other SocGen divisions, such as the corporate and investment bank, they note. Shares trade at 28.68 euros, having gained 23% on a 12-month basis. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 16, 2025 08:09 ET (13:09 GMT)
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