Societe Generale SA (GLE)

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Societe Generale SA Profile

Societe Generale SA (GLE.xpar) is a French multinational investment bank and financial services company headquartered in Paris, France. Societe Generale SA focuses on Networking, Securities Services, Global Transaction Banking, International Retail Banking, Financial Services, Corporate and Investment Banking, Private Banking, and Asset Management. Societe is currently the seventh-largest bank in Europe with a market cap of €20.8B (EUR). Since the historical high of €137.80 (EUR) per share price in April 2007, Societe has seen a tremendous depreciation of its value, hitting a historical low of €10.90 (EUR) per share last September. Recently, the company has signed contracts with Temenos AG to renovate and accelerate its translation banking platform in Europe and Asia. In addition, the company’s conflict with the Australian regulatory body over money offenses has recently come to an end since the ASIC announced that Societe Generale SA fulfills all additional license conditions.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in CET Time
Fri
09:00-17:30
Mon
09:00-17:30
Tue
09:00-17:30
Wed
09:00-17:30
Thu
09:00-17:30
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 7794

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