Buy Société Générale shares
The Société Générale has existed since 1864 and has since then been one of the largest banks in France. Over the years, the bank has also acquired a significant market share in several other countries. This makes investing in Société Générale interesting. In this article we look at how to buy Société Générale stocks and you can also find the latest share price here.
If you want to invest in France, buying Société Générale stocks can be a good decision. Bank shares are often highly dependent on the economic situation within a region. If the French economy is doing well, it is also more likely that Société Générale shares will increase in value. You have to examine how the company is doing and whether wrong decisions are being made.
Buying Société Générale is done at a broker. A broker is a company that can buy and sell shares on behalf of a client. A good example of a broker is eToro. At eToro, you can buy shares without paying commissions. Use the button below to directly open an account with eToro:
How can you actively invest in Société Générale?
Bank shares can fluctuate a lot: Société Générale is no exception. By actively investing in the share price, you can also benefit from investments in Société Générale shares in less good times. You can do this by making use of CFDs. CFDs are derivatives with which you can trade in the price of a stock. It is then possible to bet on both rising and falling prices.
But where can you actively speculate on the course of events at Société Générale? Plus500 is a suitable party for this! Thanks to the user-friendly software, you can find the right share in no time. Would you like to try the possibilities with a free demo account? Then use the button below right away:
What is the stock price of Société Générale?
Are you curious how Société Générale shares are preforming? Then take a look at the CFD stock price in the graph below. With the buttons, you can directly open a trading position.
Is it smart to invest in Société Générale?
The Société Générale is an established value within the financial landscape. Although at first it was heavily dependent on the French market, this seems to have changed. The demographic spread of its investments has made Société Générale an important player throughout Europe. Société Générale has also made some important investments in countries outside Europe, such as several African countries.
But this is also where things are getting riskier. Despite the fact that the Société Générale has a solid foundation, it is true that some daring investments have also been made in unstable markets. This is a risk of which every shareholder should be aware of.
It is also important to remember that bank stocks are very cyclical. When the economy performs badly, bank share prices fall almost immediately. As an active trader you can respond to this by taking a short position on the share.
About the company Société Générale
The year 1864 saw the creation of the ‘Société Générale’. At that time, this was a general society which was partly responsible for stimulating trade and activity in France. Over the years, however, the character of the company has changed.
Today, Société Générale presents itself as a consumer and investment bank. Although the company was founded with a focus on the French market, it is also active internationally. In the international financial circuit, the bank is usually referred to as SocGen. By buying Société Générale shares, it is possible to become a shareholder of this financial player, which is certainly important for France.
Major business bank in Europe
Since its creation, the Société Générale has, in fact, invariably been one of the most important merchant banks in Europe when we look at their income. Even when it comes to market capitalisation, Société Générale is one of France’s top banks.
At the time of writing, the bank can be found in more than 80 different countries around the world. Together with BNP Paribas and Crédit Lyonnais, Société Générale is described as one of the three ‘classic financial institutions’ to be found on the French market. The Société Générale shares are listed on the Euronext where they are traded with the GLE ticker.
Do you want to invest in the French economy? Then you should definitely consider buying Société Générale shares!
History of the Société Générale
The Société Générale may call itself one of the oldest banks in France. The merchant bank was founded in 1864. Initially, it was referred to as ‘Société Générale pour favorement le développement du commerce et de l’industrie en France’… quite a mouthful!
The Société Générale quickly set up an impressive share structure. This turned out to be an excellent choice, as the number of shareholders increased at a furious pace. In 1895, the Société Générale already had 14,000 shareholders. By 1913 that number had risen to an impressive 122,000.
The war years left deep wounds at the Société Générale, mainly because they lost many Russian customers. In the meantime, the Russian market had become the company’s second most important market… alongside France, of course.
Although the Société Générale has always remained faithful to its home market, the bank saw it as a necessary step to make substantial international expansions. This was done in order to spread the risks of investment and to prevent the competition from taking too large of a market share.
This led to a series of takeovers which were mainly carried out in the central part of Europe. For example, the Société Générale chose to acquire the Czech bank Komerční Banka and the so-called SKB Banka in Slovenia. In addition, a special investment arm was set up in Russia. Jacques Der Megreditchian was initially responsible for this investment branch. In the meantime, the Société Générale has been steadfastly included in the list of Europe’s most important merchant banks.
Do you think that these international investments in other markets will lead to greater profits in the future? Then you should certainly consider investing in Société Générale stocks!
When I was 16, I secretly bought my first stock. Since that ‘proud moment’ I have been managing trading.info for over 10 years. It is my goal to educate people about financial freedom. After my studies business administration and psychology, I decided to put all my time in developing this website. Since I love to travel, I work from all over the world. Click here to read more about trading.info! Don’t hesitate to leave a comment under this article.