Business · Companies · 8 hrs ago
Societe Generale beats third-quarter profit expectations
Societe Generale reported a stronger-than-expected third quarter for July to September.
The French bank made 1.89 billion euros in net profit, up 24.1% from a year earlier and above analysts’ average forecast of 1.62 billion euros.
Strong equity trading drove the gain, with equity-market revenue up 45.9%, while fixed-income, credit and currency revenue fell 20.6%.
The results come as chief executive Slawomir Krupa works to improve the bank’s performance through cost cuts and asset sales.
Profit for the first nine months reached a record 5.37 billion euros for that period, and revenue rose 7.8% in the third quarter.
Last month, the bank raised its profitability target for 2029 as part of a new strategic plan.
Societe Generale reported third-quarter net profit of 1.89 billion euros, above analysts’ expectations of 1.62 billion euros.
Net profit rose 24.1% from a year earlier in the July-to-September period.
Revenue reached 7.17 billion euros, up 7.8% year on year and above the 6.82 billion euros expected by analysts.
Equity trading revenue rose 45.9% to a record 1.2 billion euros, offsetting a 20.6% fall in fixed-income, currencies and commodities revenue.
The bank’s corporate and investment banking division reported revenue growth of 12.5% to 2.78 billion euros.
- Who
- Societe Generale, the French bank.
- What
- It reported third-quarter net profit above analysts’ expectations.
- When
- The results were published on Thursday, October 29, 2026, covering July to September.
- Where
- Societe Generale is based in France; its headquarters are in La Défense, near Paris.
- Why
- Strong equity trading activity offset weaker fixed-income, currencies and commodities trading.
This story does not have two clearly opposing sides.
Societe Generale recorded net profit of 1.89 billion euros and revenue of 7.17 billion euros.
Societe Generale published its third-quarter results.
- Net profit
- 1.89 billion euros
- Analysts’ net profit forecast
- 1.62 billion euros
- Revenue
- 7.17 billion euros
- Equity trading revenue
- 1.2 billion euros, up 45.9% year on year
- FICC revenue
- Down 20.6% year on year
- BoursoBank customers
- More than 9.4 million at the end of September 2026
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What people are saying
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