Societe Generale's Structural Changes Around Returns Are Welcomed -- Market Talk

Dow Jones

Feb 25, 2025

1115 GMT - Societe Generale has broken with the past by increasing its payout beyond 50% as part of a change in strategy and capital management, which is positive for the stock's price, JP Morgan writes. Previous leaders at the French bank prioritized organic growth and bolt on acquisitions. "SG's new management team is a lot more capital conscious, with more disciplined growth-only businesses with higher growth potential," analysts write, adding the change in CFO and more explicit commitment to returning excess capital showed their pro-activeness to address market concerns after decades of debates on capital. The bank is now a yield story and analysts see room for 3.2 billion euros in cumulative buybacks in 2025-27 on top of 7.5 billion euros in dividends. JPM lifts its rating the stock to overweight. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

February 25, 2025 06:15 ET (11:15 GMT)

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Previous leaders at the French bank prioritized organic growth and bolt on acquisitions. \"SG's new management team is a lot more capital conscious, with more disciplined growth-only businesses with higher growth potential,\" analysts write, adding the change in CFO and more explicit commitment to returning excess capital showed their pro-activeness to address market concerns after decades of debates on capital. The bank is now a yield story and analysts see room for 3.2 billion euros in cumulative buybacks in 2025-27 on top of 7.5 billion euros in dividends. JPM lifts its rating the stock to overweight. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 25, 2025 06:15 ET (11:15 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Societe Generale's Structural Changes Around Returns Are Welcomed -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSociete Generale's Structural Changes Around Returns Are Welcomed -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-25 19:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     1115 GMT - <a href=\"https://laohu8.com/S/SCGLF\">Societe Generale</a> has broken with the past by increasing its payout beyond 50% as part of a change in strategy and capital management, which is positive for the stock's price, JP Morgan writes. Previous leaders at the French bank prioritized organic growth and bolt on acquisitions. \"SG's new management team is a lot more capital conscious, with more disciplined growth-only businesses with higher growth potential,\" analysts write, adding the change in CFO and more explicit commitment to returning excess capital showed their pro-activeness to address market concerns after decades of debates on capital. The bank is now a yield story and analysts see room for 3.2 billion euros in cumulative buybacks in 2025-27 on top of 7.5 billion euros in dividends. JPM lifts its rating the stock to overweight. 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Previous leaders at the French bank prioritized organic growth and bolt on acquisitions. \"SG's new management team is a lot more capital conscious, with more disciplined growth-only businesses with higher growth potential,\" analysts write, adding the change in CFO and more explicit commitment to returning excess capital showed their pro-activeness to address market concerns after decades of debates on capital. The bank is now a yield story and analysts see room for 3.2 billion euros in cumulative buybacks in 2025-27 on top of 7.5 billion euros in dividends. JPM lifts its rating the stock to overweight. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","SCGLY":"Societe Generale"},"translate_title":"法国兴业银行围绕回报的结构性变化受到欢迎——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SCGLY":0.9},"content_text":"1115 GMT - Societe Generale has broken with the past by increasing its payout beyond 50% as part of a change in strategy and capital management, which is positive for the stock's price, JP Morgan writes. Previous leaders at the French bank prioritized organic growth and bolt on acquisitions. \"SG's new management team is a lot more capital conscious, with more disciplined growth-only businesses with higher growth potential,\" analysts write, adding the change in CFO and more explicit commitment to returning excess capital showed their pro-activeness to address market concerns after decades of debates on capital. The bank is now a yield story and analysts see room for 3.2 billion euros in cumulative buybacks in 2025-27 on top of 7.5 billion euros in dividends. JPM lifts its rating the stock to overweight. (elena.vardon@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 25, 2025 06:15 ET (11:15 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}