Societe Generale increased its quarterly profit by 13.8%

The French bank Societe Generale in the first quarter of this year increased its net profit by 13.8% year-on-year to 850 million euros. Experts had predicted the figure at 811.5 million euros. Quarterly revenue of the bank amounted to 6 billion 294 million euros, 2.8% down. Analysts had expected revenue of 6 billion 470 million euros. Revenue from operations with fixed-income assets, currencies and commodities declined by 31.1% year-on-year, from operations with shares and premium services - by 10.7% year-on-year. The retail banking business in France reduced its revenue by 0.7%.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong
Message: