SocGen turns in resilient results as markets thrive
Société Générale showed it was on a steady forward march on Thursday, posting a robust set of results that benefited from resilient performances across both its retail and investment banking arms.
Net income of €390m in the fourth quarter was enough for Société Généraleto beat most estimates, though it represented a 41% fall year on year.
The drop can be mainly attributed to a series of one-off that analysts at CreditSights deemed to be “genuinely non-recurring”.
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