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MS ups SocGen on French retail recovery, capital rebuilding; shares extend Thursday's gains

BUZZ-MS ups SocGen on French retail recovery, capital rebuilding; shares extend Thursday's gains ** Shares in Societe Generale SOGN.PA rise 3.4%, extending Thurday's gains following the French bank's Q3 results ahead of analysts expectations, changes in leadership ** The stock is helped on Friday by a rating change from Morgan Stanley, which upgrades to stock to "overweight" from "equal-weight" ** "Progress in rebuilding capital and an inflection point in French retail argue for revisiting SocGe
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Hellofresh, Maersk, Scout24

EUROPE RESEARCH ROUNDUP-Hellofresh, Maersk, Scout24 Nov 1 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Hellofresh, Maersk and Scout24 on Friday. HIGHLIGHTS * Hellofresh SE HFGG.DE : JP Morgan raises to overweight from neutral * Knorr Bremse AG KBX.DE : Exane BNP Paribas cuts to neutral from outperform * Maersk MAERSKb.CO : JP Morgan raises target price to DKK 9,000 from DKK 8,575 * Next Plc NXT.L : Citigroup raises target price
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French banks’ ups and downs obscure value problem

RPT-BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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French banks’ ups and downs obscure value problem

RPT-BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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French banks’ ups and downs obscure value problem

BREAKINGVIEWS-French banks’ ups and downs obscure value problem The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Liam Proud LONDON, Oct 31 (Reuters Breakingviews) - Société Générale SOGN.PA is starting to close the giant gap with its bigger and more successful rival BNP Paribas BNPP.PA . That’s one way to understand investors’ reaction to third-quarter results released by the French banking duo on Thursday.
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Komercni Banka Expects Revenues To Grow High Single Digits In 2025

BRIEF-Komercni Banka Expects Revenues To Grow High Single Digits In 2025 Oct 31 (Reuters) - Komercni Banka as BKOM.PR : KOMERCNI BANKA CFO: EXPECTS REVENUES TO GROW HIGH SINGLE DIGITS IN 2025 Source text: [ID:] Further company coverage: BKOM.PR
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STOXX 600 logs worst month in a year on earnings, US election caution

UPDATE 2-STOXX 600 logs worst month in a year on earnings, US election caution For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window EZ inflation picks up, bolstering case for caution in rate cuts SocGen jumps after profit beat and CEO's top team shake-up BNP Paribas shares drop sharply as quarterly results disappoint AB InBev's shares fall on Q3 miss STOXX 600 down 1.2% on day, off 3.4% in October Updates with closing levels By Ankika Biswas
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Komercni Banka reports Q3 profit jump after building sale

Komercni Banka reports Q3 profit jump after building sale PRAGUE, Oct 31 (Reuters) - Czech lender Komercni Banka BKOM.PR reported a 45% year-on-year jump in third-quarter net profit on Thursday, boosted by an extraordinary gain from the sale of its historic headquarters building. Net profit attributable to shareholders came in at 6.20 billion crowns ($265 million) in the quarter, just below the average estimate of 6.29 billion crowns in a Reuters poll.
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Societe Generale rises after better-than-expected Q3 results

BUZZ-Societe Generale rises after better-than-expected Q3 results ** Shares in Societe Generale SOGN.PA rise 9% as the French bank reports better-than-expected Q3 results and announces leadership changes ** Group net income more than quadrupled from a year earlier to 1.37 billion euros ($1.49 billion) ** Jefferies calls the update "the right kind o
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French and Benelux stocks-Factors to watch

French and Benelux stocks-Factors to watch Oct 31 (Reuters) - Below are company-related news and stories from France and Benelux which could have an impact on the region's markets or individual stocks. AIRBUS AIR.PA : Airbus reported Q3 net income at EUR 983 million, and said it would propose a third therm for CEO Guillaume Faury. AXA AXAF.PA : Axa reported 9-month revenues up 7% at EUR 84.0 billion, in line with expectations.
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Spanish stocks - Factors to watch on Oct 31

Spanish stocks - Factors to watch on Oct 31 Oct 31 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy: CAIXABANK CABK.MC Spain's Caixabank said on Thursday its net profit rose 3% in the third quarter from the same period in 2023 thanks to lower provisions and still higher lending income.
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Clouds gather over 'Mag 7' earnings

LIVE MARKETS-Clouds gather over 'Mag 7' earnings Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com CLOUDS GATHER OVER 'MAG 7' EARNINGS A look at the day ahead in European and global markets from Kevin Buckland Mega-tech earnings remain in the spotlight on Thursday, particularly after the Bank of Japan's as-expected decision to hold policy steady failed to give the market any new tr
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SocGen jumps after CEO shakes up top team, rival BNP falters

UPDATE 4-SocGen jumps after CEO shakes up top team, rival BNP falters SocGen's shares jump after management shake-up, profit beat BNP Paribas shares slide after mixed results SocGen reports French retail rebound, strong investment banking Both French banks have seen shares underperform rivals in 2024 Adds analyst quote in paragraphs 9 and 10, updates shares, adds detail throughout By Mathieu Rosemain PARIS, Oct 31 (Reuters) - Societe Generale's SOGN.PA shares soared on Thursday after CEO Slawomi
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BRD Groupe Societe Generale 9-Month Net Profit Down At 1.09 Billion Lei

BRIEF-BRD Groupe Societe Generale 9-Month Net Profit Down At 1.09 Billion Lei Oct 31 (Reuters) - BRD Groupe Societe Generale SA ROBRD.BX : 9-MONTH NET PROFIT 1.09 BILLION LEI VERSUS 1.23 BILLION LEI YEAR AGO 9-MONTH NET BANKING INCOME 2.98 BILLION LEI VERSUS 2.83 BILLION LEI YEAR AGO 9-MONTH ROE AT 16.1% VERSUS 20.9% IN 9M 2023 NET LOANS OUTSTANDIN
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SocGen CEO reshuffles top management

UPDATE 1-SocGen CEO reshuffles top management Adds detail By Mathieu Rosemain PARIS, Oct 31 (Reuters) - Societe Generale's SOGN.PA CEO Slawomir Krupa is reshuffling management through the appointment of a new finance chief and changes that will see him take direct supervision of the French retail banking activities. Philippe Aymerich steps down as deputy CEO on Thursday, the company said, relinquishing responsibilty for the bank's underperforming French retail operations.
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Komercni Banka Q3 Net Profit Slightly Below Estimates

BRIEF-Komercni Banka Q3 Net Profit Slightly Below Estimates Oct 31 (Reuters) - Komercni Banka as BKOM.PR : KOMERCNI BANKA 9M NET PROFIT CZK 12.5 BILLION KOMERCNI BANKA Q3 ATTRIBUTABLE NET PROFIT CZK 6.195 BILLION VERSUS CZK 6.29 BILLION EXPECTED IN REUTERS POLL KOMERCNI BANKA Q3 NET INTEREST INCOME CZK 6.256 BILLION VERSUS CZK 6.45 BILLION EXPECTED
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SocGen appoints new CFO Leopoldo Alvear in governance reshuffle

SocGen appoints new CFO Leopoldo Alvear in governance reshuffle PARIS, Oct 31 (Reuters) - Societe Generale SOGN.PA will appoint Leopoldo Alvear as chief financial officer from Jan. 7, 2025, it said in a statement on Thursday, amid a top governance reshuffle. Alvear, who joins from Spanish bank Banco Sabadell, will replace company veteran Claire Dum
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Clouds gather over 'Mag 7' earnings

MORNING BID EUROPE-Clouds gather over 'Mag 7' earnings Adds graphic A look at the day ahead in European and global markets from Kevin Buckland Mega-tech earnings remain in the spotlight on Thursday, particularly after the Bank of Japan's as-expected decision to hold policy steady failed to give the market any new trading cues. Apple and Amazon, two of the so-called "Magnificent 7", will report results to Wall Street on Thursday, picking up from Meta and Microsoft on Wednesday, and Alphabet the d
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Clouds gather over 'Mag 7' earnings

MORNING BID EUROPE-Clouds gather over 'Mag 7' earnings A look at the day ahead in European and global markets from Kevin Buckland Mega-tech earnings remain in the spotlight on Thursday, particularly after the Bank of Japan's as-expected decision to hold policy steady failed to give the market any new trading cues. Apple and Amazon, two of the so-called "Magnificent 7", will report results to Wall Street on Thursday, picking up from Meta and Microsoft on Wednesday, and Alphabet the day before tha
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Sabadell's Q3 net profit beats forecast despite lending income squeeze

UPDATE 2-Sabadell's Q3 net profit beats forecast despite lending income squeeze Q3 net profit rises 8% to quarterly record of 503 mln euros Sabadell's CFO quits to join Societe Generale Q3 NII growth slows down due to lower rates Lending income up 0.9% y/y, but falls 0.7% q/q Net profit at TSB in the quarter rises 23% Adds performance of British unit TSB in paragraph 4, details on profitability, capital in paragraphs 7 and 12, new CFO in paragraph 9 By Jesús Aguado MADRID, Oct 31 (Reuters) - Sa
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