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Stock Spotlight: SocGen share price revival hopes flounder as fresh strategy disappoints

Société Générale's hopes to revive its share price after the bank’s newly-introduced 2026 strategic plan failed to win over investors.

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Asia: a centre of innovation for new asset classes – SocGen leader

SocGen’s recently appointed regional asset-backed products leadership shares how Asia is paving the way for the innovative asset-backed securitisation space.

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Gold to hit $2k by end of 2023, reach $2,200 an ounce in 2024 as dollar weakens - SocGen

Gold to hit $2k by end of 2023, reach $2,200 an ounce in 2024 as dollar weakens - SocGen
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SocGen shares sink as new CEO unveils strategy

Slawomir Krupa met with investors, analysts and journalists for several hours, laying out what he called a realistic road map that Societe Generale needs, a road map where the promises are less important than the capacities to attain them.

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SocGen s new boss Krupa pledges to cut costs to boost profits by 2026

LONDON (Reuters) -Societe Generale's shares dropped more than 6% in early Monday trade after France's third-biggest bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO. Slawomir Krupa took over in May, charged with reviving a bank that has slipped behind French leader BNP Paribas and some other European rivals amid a costly exit from Russia last year and concerns it is too reliant on volatile investment banking. "We are negatively surprised by lack of revenue growth, increased capital target, payout & ROTE cut, and by the lack of details," Jefferies analysts said in a note.

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