How to buy Société Générale shares (2023)?

Société Générale was founded in 1864 and has since become one of the largest banks in France. Over the years, the bank has acquired a significant market share in various other countries, which can make an investment in Société Générale interesting. In this article, we will look at how to buy Société Générale shares, and you can also find the latest stock price here.

How to buy Société Générale shares?

When you want to invest in France, buying Société Générale shares can be a good decision. Bank stocks are often highly dependent on the economic situation within a region. When the French economy performs well, there is a greater chance that Société Générale shares will increase in value. Naturally, you should research how the company performs and whether they make any unwise decisions.

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What is the current stock price of Société Générale?

Are you curious about the current price of Société Générale stock? In the graph below, you can see how Société Générale shares are performing. Moreover, with the buy & sell buttons, you can start trading Société Générale shares directly.

Company information of Société Générale

Below you can find the key company information of Société Générale.

Stock prices of Société Générale over the last 5 days

In the table below, you can see the stock prices of Société Générale for the last 5 days:

What can make it interesting to buy Société Générale shares?

• Strong financial performance: Société Générale is known for its stable financial performance.
• Diversification: Investing in Société Générale shares can be captivating as they are active in different segments. For example, the bank offers retail banking, corporate banking, and investment banking.
• Global presence: Société Générale has a strong international presence and operates in Europe, Asia, Africa, and America. If the bank manages to establish a strong position in new markets, profitability may increase.
• Technological innovation: Société Générale is actively working on implementing artificial intelligence and improving its data analysis.

What are the risks of investing in Société Générale stocks?

• Regulation: Compliance costs and potential fines can put pressure on Société Générale’s results.
• Volatility: The banking sector is sensitive to market volatility and economic situations. Fluctuations in interest rates, for example, strongly impact results.
• Credit risk: Société Générale faces credit risks as the parties to whom they lend money can go bankrupt.
• Competition: Société Générale experiences strong competition from local and international banks.

What are the biggest competitors of Société Générale?

• BNP Paribas
• Crédit Agricole Group
• HSBC
• Deutsche Bank

How to invest in Société Générale shares?

1. Sign up with a broker: Although you can buy shares through your bank, it is often wiser to do so through a specialized stockbroker. Click here to compare different brokers.
2. Activate & deposit funds: After opening an account, you need to verify your identity. With this verification, the broker prevents you from using the investment account for money laundering.
3. Buy Société Générale shares: select the Société Générale stock within the trading platform and enter the amount you want to invest. Nowadays, you can buy Société Générale shares starting from $100!
4. Evaluate: Don’t forget to keep an eye on your investment. If the shares no longer fit within your investment portfolio, you can sell them.

About the company Société Générale

‘Société Générale’ was founded in 1864. The company was initially established as a general company partially responsible for stimulating trade and business activity in France. However, over the years, the character of the company has changed.

Today, Société Générale operates 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 often referred to as SocGen. By buying Société Générale shares, it is possible to become a shareholder of this financially significant player in France.

Major investment bank in Europe

Since its inception, Société Générale has consistently been on the list of major investment banks in Europe in terms of revenue. It also ranks among the top in France in terms of market capitalization.

At the time of writing, the bank is active in more than eighty different countries. Along with BNP Paribas and Crédit Lyonnais, Société Générale is considered one of the three “classic financial institutions” in the French market. Société Générale shares are listed on Euronext and traded under the ticker symbol GLE.

If you consider investing in the French economy, buying Société Générale shares is certainly worth considering!

History of Société Générale

Société Générale can rightfully claim to be one of the oldest banks in France. The investment bank was founded in 1864. Initially, the bank was referred to as ‘Société Générale pour favoriser le développement du commerce et de l’industrie en France‘… quite a mouthful!

Société Générale quickly established an impressive share structure, which proved to be an excellent choice as the number of shareholders grew rapidly. By 1895, Société Générale already had 14,000 shareholders, and by 1913, that number had grown to an impressive 122,000.

The war years left deep wounds at Société Générale, especially as they lost many Russian clients. At the time, Russia was the second most important market for the company.

Further developments

While Société Générale remained loyal to its domestic market, the bank saw the need for international expansion. This was done to diversify investment risks and prevent competitors from gaining too much market share.

This led to a series of acquisitions in Central Europe. Société Générale chose to acquire, among others, the Czech bank Komerční Banka and the SKB Banka in Slovenia. Additionally, a special investment branch was established in Russia. This investment branch initially came under the supervision of Jacques Der Megreditchian. Today, Société Générale is listed among the major investment banks in Europe.

If you believe that these international investments in other markets will lead to increased profits in the future, investing in Société Générale shares can be interesting!

Is it wise to invest in Société Générale shares?

Société Générale is an established institution in the financial landscape. Although it was initially heavily dependent on the French market, this seems to be changing. The demographic diversification of its investments has made Société Générale a (very) important player across Europe. The company also has significant investments in countries outside of Europe, such as various African countries.

However, it is essential to acknowledge that Société Générale has made bold investments in unstable markets. This carries a certain risk that every shareholder should be aware of.

It is also critical to remember that bank stocks are highly cyclical. When the economy performs poorly, bank stock prices almost immediately decline. As an active trader, you can take advantage of this by taking a short position on the stock.

Always take the time to analyse the financial situation of the stock and determine if it aligns with your current risk profile. This ensures, you will not be caught off guard when investing in Société Générale shares.