UniCredit Reports Q4 Earnings

UniCredit Reports Q4 Earnings

UniCredit meanwhile reported a larger than expected quarterly loss of €1.18bn ($1.4bn) vs. expectations of a €686mn ($831mn) loss. Annual net profits were at €1.3bn ($1.6bn) helped by lower costs which were down 3%. The numbers were impacted by a goodwill write down...

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SocGen Reports Q4 Earnings

SocGen Reports Q4 Earnings

Societe Generale (SocGen) reported net profits of €470mn ($569mn) for Q4 and a net loss of €258mn ($313mn) for 2020 beating expectations of €252mn ($306mn) and -€258mn ($313mn) respectively. Net banking income came in at €22.1bn ($26.8bn), down 10.4%. The bank’s CET1...

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