Our estimates suggest a midcycle return on tangible equity of around 6.4% for Société Générale, materially lower than our estimated cost of capital of 11.5%, which includes a 0.5% country risk premium ...

The European stock markets closed sharply higher in Thursday trading as The Stoxx Europe 600 rose 1.26%, Germany's DAX gained 1.52%, the FTSE 100 in London was up 1.21%, France's CAC 40 increased 1.47 ...