by Amruth Sundarkumar | Aug 4, 2022 | Banks, Global
French lender Societe Generale reported a consolidated net loss of €1.5bn ($1.5bn) for Q2 vs. a net profit of €1.4bn ($1.4bn) in the last year. However, the result beat analyst expectations of a net loss of €2.3bn ($2.3bn). The loss was attributed to the disposal of...
by Amruth Sundarkumar | May 6, 2022 | Banks
Societe Generale (SocGen) reported an underlying group net income of €1.6bn ($1.7mn) on revenues of €7.3bn ($7.7bn), up 16.6% YoY. It said that all businesses witnessed “good momentum”. Its French Retail Banking revenues were up 6.4% YoY, International...
by Amruth Sundarkumar | Aug 4, 2021 | Banks
SocGen reported a Q2 underlying group net income of €1.35bn ($1.6bn) vs. only €8mn ($9.5mn) in Q2 last year. For the half year, they reported net income of €2.65bn ($3.1bn), up 13.5% vs. 1H2019 and nil profits during the same period last year. The bank reported no...
by bondevalue | May 6, 2021 | Banks
SocGen reported group net profits of €814mn, a sharp increase over 1Q2020 losses of €326mn. The bank’s equities business had its best quarter since 2015, with revenues rebounding 44% QoQ and Fixed Income & Currency saw revenues jump 51% QoQ. Cost of risk stood at...
by bondevalue | Mar 29, 2021 | Banks
French banking major Société Générale (Socgen) is said to be in talks with asset managers Amundi and State Street to sell its fund business Lyxor, as per sources. The two frontrunners emerged after Germany’s DWS and US firm Northern Trust dropped out. Amundi and...
