Core Points - The total number of shares composing the current share capital as of 31 May 2025 is 800,316,777, with a total number of voting rights amounting to 887,657,909 [2][6] Company Overview - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [3] - The bank has been operational for 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [3] - Societe Generale emphasizes sustainable value creation for all stakeholders through its long-lasting client relationships and innovative solutions [3] Business Segments - The Group operates three complementary business sets, integrating ESG offerings for all clients [4] - Societe Generale aims to be a key partner in environmental transition and sustainability, being included in major socially responsible investment indices [4] - The bank's business segments include French Retail, Private Banking and Insurance, Global Banking and Investor Solutions, and Mobility, International Retail Banking and Financial Services [7]

法兴银行：美元可能暂时保持稳定 金十数据6月9日讯，法国兴业银行外汇分析师表示，目前美元兑其他主要货币可能会稳定在近期的区间 内。上周五公布的好于预期的美国就业数据提振了美元。如果投资者因美国贸易和预算政策的不确定性 而削减对美国资产的敞口，美元仍有可能下跌。然而，在美元再次走软之前，可能需要有更明确的迹象 表明关税正在损害美国经济增长。最终，美国政策的不确定性"将侵蚀人们对美元的信心，美元将进一 步下跌。" ...

拉普索恩指出，2025年欧洲一直是因子表现的主导地区，欧洲价值策略在相对和绝对回报方面均表现最 佳。然而，他也提醒称，曾经使该交易极具吸引力的估值差距已经显著缩小。 在机器学习领域，法国兴业银行的ML模型同样取得了强劲业绩。新推出的每周均值回归策略回报率达 到4.1%，超过了基本反转模型和盈利过滤反转模型。其优势在于能够在股市上涨和快速抛售期间创造 阿尔法收益。 在经历多年的低迷后，量化股票投资在2025年将迎来出色的表现。法国兴业银行量化策略主管安德鲁拉 普索恩表示，随着全球市场应对波动性、政治噪音以及零利率后的形势变化，各种基于因素和机器学习 的模型都展现出了良好的业绩。 传统与新兴策略齐复苏 在 6月6日提交给客户的一份报告中，拉普索恩强调了传统多/空因子模型以及较新的基于机器学习的策 略的复苏态势，并指出"尽管宏观环境充满噪音和虚张声势……股票量化的表现已然复苏。" 法国兴业银行的全球自下而上的股票因子策略(基于价值、动量和质量信号)在2025年表现出色，该策略 通过中和行业和市场风险，专注于纯粹的选股阿尔法收益，今年迄今已上涨超过9%，成功摆脱了4月份 市场波动的不利影响。 与此同时，自上而下的因子 ...

Playing the long game Key features of the outlook We forecast GDP growth of 4.6% and 4.2% for 2025 and 2026, respectively, assuming no change in the US tariff levels (up an additional 30% compared to the start of 2025) and modest stimulus. Over the coming months, export frontloading and the announced policy measures should remain supportive, but some weakening is bound to happen further ahead, when the exemption period on the reciprocal tariffs comes to an end, warranting more policy support. Given the tari ...

6. 野村证券：料降息25个基点，料将在7月和9月进一步降息直至1.50%，料上调今年GDP预测、下调今 年通胀预测。 金十整理：机构前瞻欧洲央行利率决议——宽松周期尾声渐进，欧央行将何时"收手"？ 1. 高盛：料降息25个基点，料保持今年GDP预测不变、下调明年GDP预测，同时料大幅下调通胀预测。 2. 瑞银：料降息25个基点，7月料进行最后一次降息，利率将降至1.75%，2026年底或被迫加息以应对 通胀风险。 3. 美国银行：料降息25个基点，市场已经消化了欧洲央行最近的降息决定，会议不太可能对欧元产生重 大影响。 4. 荷兰国际：料降息25个基点，市场已完全消化欧央行降息25个基点的预期，欧元走势更可能继续由美 元表现主导。 5. 裕信银行：料降息25个基点，6月之后将评估进一步降息的紧迫性，预计9月进行最后一次降息，但并 非板上钉钉。 7. 贝伦贝格：料降息25个基点，之后可能会将利率维持不变，这在很大程度上将取决于欧盟与美国之间 的贸易谈判。 8. 三菱日联：料降息25个基点，前瞻性指引将基本保持不变，进一步降息的门槛或会更高，欧央行或放 缓宽松步伐。 9. 法农信贷：料降息25个基点，或暗示7月 ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use fun ...

上述人士表示，这进一步表明了欧洲央行的决心。该央行计划对这一问题在几家欧洲大型银行进行实地 调查。监管机构的工作人员最近曾对其中一家银行——法国兴业银行进行了此类调查，这是此类调查的 首次尝试之一。 世界各地的监管机构都对私人信贷的迅速扩张感到担忧，因为投资者纷纷将资金投入那些不受与银行同 样严格监管的机构所约束的基金中。传统的贷款机构(有时会与由私募股权公司控股的公司有业务往 来，或者从私人信贷基金借款)一直在试图利用这一增长趋势，为这类基金及其管理人提供各种形式的 杠杆支持。 智通财经APP获悉，欧洲央行正在加强对贷款机构在私人市场业务风险敞口的审查，因为人们担心相关 资产类别的迅速上涨会带来大量新的风险。据知情人士透露，监管机构已发出信号，将向某些银行的高 管发送信函，提醒他们注意在为私人基金提供融资方面的做法。 欧洲央行的这些举措进一步推进了去年就开始的审查工作。据报道，监管机构当时曾要求包括法国和德 国大型银行在内的各大银行提供其在私人信贷公司方面的风险敞口详情，以及向该领域运营的基金提供 的贷款情况。审查发现，银行无法准确识别其对私人信贷基金的全面风险敞口的详细性质和程度。 在2008年金融危机后 ...

金十数据5月29日讯，美国联邦法院裁定阻止特朗普总统的全面关税政策，受此影响，美元在早些时候 上涨后出现回落。法国兴业银行的基特・朱克斯在一份报告中表示，考虑到关税最初削弱了美元以及美 国的增长预期，美元对这一消息的"膝跳"式上涨是可以理解的。然而，他表示，这一裁决并非事情的终 结，令人惊讶的新闻还会不断出现。他还称，关税仍有可能实施。我唯一确定的是，已经很高的不确定 性又上升了一个台阶。 法兴银行：美法院阻止特朗普关税政策提高不确定性 ...

Group 1 - The Board of Directors of Societe Generale acknowledged the resignation of Mrs. Béatrice Cossa-Dumurgier as Director due to incompatibility with her new professional responsibilities [1][2] - A co-option procedure for a woman director has been launched in accordance with the French Commercial Code [2] - Mr. Lorenzo Bini Smaghi, Chairman of the Board, expressed gratitude to Mrs. Cossa-Dumurgier for her contributions to the Board [2] Group 2 - Societe Generale is a leading European bank with approximately 119,000 employees serving over 26 million clients in 62 countries [3] - The bank has been operational for 160 years, providing a wide range of advisory and financial solutions to corporate, institutional, and individual clients [3] - The Group emphasizes sustainable value creation for all stakeholders through its long-lasting client relationships and innovative solutions [3] Group 3 - Societe Generale operates three complementary business segments, integrating ESG offerings for clients [4] - The Group aims to be a leading partner in environmental transition and sustainability, being included in major socially responsible investment indices [4]

Sessionid:rjqpwdg0e5iajcya2jwtr55y ECONOMICS 23 May 2025 Week Ahead in Economics Tariff man strikes again From On Our Minds Europe ECB preview: hawks turn to favour 'looking through' China: Demand spillovers larger than tariff damage Latin America LatAm central banks likely to consider the recent rise in core inflation as transitory Just when markets believed the worst of the tariff battle had been overcome, President Trump threatened a 50% tariff against the EU this week, starting on 1 June, and a possible ...