Opinions
Mark Grammer
Societe Generale A
SCGLY-5
WATCH
Apr 20, 2017
N/A
Stock price when the opinion was issued
Financial Services
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COMMENT
Financials have had a great run. This has been one of the better performing banks. The financial pendulum is starting to move back. French banks have pretty good exposure to the European continent. If his theory on an improving European economy works out, companies like this should do well. However, much of that is priced in now, and he thinks it is going to pause for a bit, but there is still upside.
Financial Services
A French bank. The one risk is the French elections. Wait and see what happens before diving into a French bank. The French economy is improving.