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Société Générale Société anonyme (OTCMKTS:SCGLY) experienced a 114% rise in short interest in March, totaling 707,100 shares. The stock traded down to $9.27, with a market cap of $37.09 billion and a P/E ratio of 9.27. Analysts have upgraded the stock's rating, with expectations of $1.14 EPS for the fiscal year.
Toronto Dominion Bank increased its stake in Westlake Corporation, owning 5,190 shares valued at $595,000 after acquiring 335 additional shares. UBS Asset Management raised its holdings by 9% to 346,789 shares worth $39.76 million. Analysts have mixed ratings on Westlake, with a current average rating of "Moderate Buy" and a price target of $138.21, despite recent earnings missing expectations.
Halbert Hargrove Global Advisors LLC acquired a new stake in XPO worth $42,000, while Cullen Frost Bankers Inc. increased its position by 69.1%, owning 318 shares valued at $42,000. Larson Financial Group LLC grew its stake by 25.6%, now holding 373 shares valued at $49,000. Hedge funds and institutional investors own 97.73% of XPO, which provides freight transportation services across various regions. Analysts have mixed ratings on the stock, with a consensus "Buy" rating and an average price target of $155.37. Recently, XPO's COO purchased shares, indicating confidence in the company's value.
B&M European Value Retail's stock received a "buy" rating from Citigroup, with a price target of GBX 456, indicating a potential upside of 72.73%. The company has an average rating of "Moderate Buy" from analysts, with a market cap of £2.66 billion and shares trading at GBX 264. Recent insider activity includes the purchase of 7,500 shares by Oliver Tant at GBX 285 each.
Société Générale will increase its dividend to €1.09 on May 28, reflecting a modest yield of 2.6%. Despite a history of dividend cuts, the company has a low payout ratio of 25% and expects earnings per share to grow by 74.5% over the next three years, suggesting potential for future dividend growth.
BNP Paribas Polska has implemented a new version of the Comarch Corporate Banking system, enhancing its banking services. The upgrade aims to improve user experience and operational efficiency, reflecting the bank's commitment to leveraging technology in financial services.
BNP Paribas warns of a potential collapse in copper prices, forecasting a drop to $8,500 per tonne by the end of Q2 2025 as US demand slows following the anticipated imposition of tariffs. The bank has revised its global copper consumption growth estimate down to 2.3% and projects a supply surplus of 460,000 tonnes. While some analysts remain optimistic about copper's long-term prospects due to electrification trends, the immediate outlook is clouded by trade policy impacts.
BNP Paribas has restated its 2024 quarterly series to align with the upcoming Basel 4 regulations, impacting the analytical breakdown of business lines without altering the published results. The normalized equity allocation for risk-weighted assets has increased from 11% to 12%, effective January 1, 2025, alongside a full consolidation of Arval entities and a strategic focus on geographical business adjustments.
Copper prices are expected to "collapse" as a rush to ship the metal to the US ahead of impending tariffs concludes. BNP Paribas forecasts prices will drop to $8,500 a ton by the end of Q2 2025, citing a significant surplus as US trade policies dampen demand. The firm has revised its copper consumption growth estimate down to 2.3% for the year, reflecting concerns over reduced global trade and economic growth.
BNP Paribas' UK Head of Global Banking, Ponsonby, has resigned from his position. The departure marks a significant change in the leadership of the bank's global operations in the UK. Further details regarding the reasons for his resignation have not been disclosed.
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société générale short interest surges 114 percent amid analyst upgrades
22:32 29.03.2025
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18:13 28.03.2025
copper prices predicted to collapse as us tariffs approach
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