Societe Generale

Two of the world's largest financial institutions, Citi and Société Générale, are making strides in blockchain technology and unveiling new initiatives that could reshape traditional banking processes. During a recent panel at Benzinga's Future of Digital Assets event, Citi’s Ioana Niculcea...

The private credit market is witnessing a transformation as blockchain technology enables tokenization at an unprecedented pace. Provenance Blockchain Labs, led by CEO Anthony Moro, is driving this shift by facilitating the tokenization of home equity lines of credit (HELOCs). According to Moro,...

The S&P 500 would have to soar by an additional 25% to replicate the “irrational exuberance” that fueled the 90s tech bubble, according to Societe Generale analysts. What Happened: Analysts Manish Kabra and Alain Bokobza at Societe Generale wrote in a note on Wednesday, reported by...

Following Brexit and the Covid-19 pandemic, the U.K. economy was expected to shrink. And it did. However, major investment firms haven't given up on London. For example, Andreessen Horowitz picked London as its international base. “This is a win for us,” said London & Partners...

In a significant development, CACEIS, a fundamental asset servicing division of banking behemoths Crédit Agricole and Santander, has received the green light from French regulators to offer cryptocurrency custody services. As per France's Financial Markets Authority (AMF), CACEIS Bank...

The Past Week, In A Nutshell What Happened: Last week ended negative on weakness concentrated in heavily-weighted index constituents. Remember This: “The Fed essentially acknowledged they were a bit behind the curve with their forecast on the economy, as projections needed tweaking to reflect...

The latest economic numbers from the U.S. suggest the American economy is still booming. But while the U.S. has been mostly immune to an economic slowdown in Europe, it may not be able to shrug off a full-fledged economic recession. Some experts now believe that a eurozone recession is coming as...

Pre-open movers U.S. stock futures traded lower in early pre-market trade. Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET, while the FHFA House Price Index for January is schedule for release at 9:00 a.m. ET. The flash Composite Purchasing Managers' Index...

General Mills, Inc. (NYSE: GIS) announced Friday that it was expanding into pet food with the $8-billion acquisition of Blue Buffalo Pet Products Inc (NASDAQ: BUFF). Investors reacted to the news with a 3.6-percent sell-off and analysts were similarly unenthused. The Rating Societe Generale...

Encana Corp (USA) (NYSE: ECA) reported a fourth-quarter adjusted earnings per share that trailed expectations Thursday. But  the energy company's discretionary cash flow per share after common stock fell in line with the consensus, Societe Generale said in an upgrade note. The Analyst...

Mondelez International Inc (NASDAQ: MDLZ) reported in-line earnings this week with 2.4-percent organic sales growth and 21-percent earnings per share growth. The resulting 4.8-percent value boost remains largely intact — and there's room for more upside, according to a Societe Generale...

Societe Generale downgraded shares of Citigroup Inc (NYSE: C), attributing the rating change to credit quality concerns. The rating was lowered from Hold to Sell, and the price target was decreased from $70 to $65. Delving on the results, analyst Andrew Lim noted that the third-quarter earnings...

Societe Generale has become the latest firm to throw in the towel on a 2017 oil market recovery. On Wednesday, the firm lowered its crude oil price targets and income outlook for the oil companies it covers. Analyst Irene Himona cut her 2017 price forecast for Brent crude oil from $55/bbl to $50/...