Morningstar•January 27, 2021

Société Générale Société anonyme: ECB Effectively Keeps Dividend Suspension in Place; Limited Distribution for 2020

Symbols

SCGLY

Sector(s)

Financial Services

Rating

Current Price

$5.35

Fair Value

Economic Moat

Stewardship

Summary

Founded in 1884, Societe Generale is one of France's major banks. It was historically viewed as primarily a corporate and investment bank, but it has meaningful retail banking operations in France, Eastern Europe, Russia, and North Africa.

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Analyst Profile

Johann Scholtz

Equity Analyst

Johann Scholtz is an equity analyst for Morningstar, Holland B.V., a wholly owned subsidiary of Morningstar, Inc. He covers European banks. Before joining Morningstar in 2017, Scholtz spent 11 years covering various sectors in South Africa as a buy- and sell-side analyst.Scholtz holds a Bachelor of Commerce degree in Finance from Stellenbosch University. He holds the Chartered Financial Analyst® designation and he is a Chartered Accountant CA(SA).