In addition,
General society: objectives noted 1 new: Nevertheless. Moreover,
General society: objectives noted 1:
(BFM Stock Exchange) – The Defense Bank has held all its promises. Furthermore, even beyond with quarterly results superior to the expectations and perspectives noted. Therefore, For its part, Crédit Agricole SA delivered a necessarily less sparkling copy.
The results of BNP Paribas, published last week, had somewhat set the tone. Meanwhile. Meanwhile, Despite solid results, the bank on rue d’Antin had struggled to convince investors, ending on a very modest increase of 0.4% in the wake of its publication.
A week later. In addition. Similarly, Société Générale and Crédit Agricole SA accounts, the Crédit Agricole group, are variously welcomed on the Paris Stock Exchange.
In the case of Société Générale. In addition, market optimism was soaring before the publication of the Rouge and Noir Banque. Furthermore, general society: objectives noted 1 new Several analysts indicated that the establishment led by Slawomir Krupa could general society: objectives noted 1 raise its objectives. Furthermore, or even announce an additional program of share buybacks. Consequently,
This is exactly what happened this Thursday, July 31, the bank of all the boxes expected by the market. In addition, The scholarship appreciates: the Société Générale action climbs 6% around 11 a.m. Consequently, this Thursday, July 31, signing the highest increase in the CAC 40.
>> Access our exclusive graphic analyzes. However. Furthermore, and enter into the confidence of the trading portfolio
The retail bank in France surprises
The establishment has delivered accounts clearly higher than expectations. Furthermore. “The results have exceeded forecasts thanks to a higher income combination and good cost control,” said Royal Bank of Canada.
From April to the end of June, Société Générale gave net profit of 1.45 billion euros, up 40% in comparable general society: objectives noted 1 new data and 21% of consensus, housed at 1.2 billion euros.
The bank took advantage of a positive general society: objectives noted 1 chisel effect. Meanwhile. with income (the net banking product) which progressed more than expected by analysts, while at the same time the management costs, that is to say costs, decreased by 5.2% and proved to be 3% lower than expectations. However, The gross operating profit has therefore increased by 25.3% in comparable data to be 2.46 billion euros, 9% more than consensus.
By division. Société Générale benefited from the good performance of its market activities. where the revenues of the stock trades fell by 2.9% while those taken from rate products (exchange, bonds) increased by 7.3%. The net profit of the division exceeded expectations by 12%, according to Jefferies.
The bank was mainly pulled by the good performance of the retail bank in France within its “retail bank. general society: objectives noted 1 new in France. private and insurance banking”. The net banking product (equivalent of turnover for banks) increased by 10.7% in comparable data.
general society: objectives noted 1
The clear margin of interest. which corresponds to the money that a bank gives on the credits reduced to the remuneration of deposits. and constitutes an indicator scrutinized by the analysts, increased by 21.3% over one year excluding assets of assets and of 2.4% by excluding the impact linked to the end of the coverage instruments that the bank had set up.
In addition, the online bank Boursobank has announced that it has reached 8 million customers. The crossing of this threshold should lead Société Générale to change course on its online bank by going from.. an investment phase in the acquisition of customers to a phase of improving its profitability.
“We note confirmed growth in the retail bank in France. general society: objectives noted 1 new especially at Boursobank. which has reached 8 million customers and should, in our view, be on track to start reducing its customer acquisition costs in 2026,” comments general society: objectives noted 1 Jefferies.
Ultimately, the benefit of the retail banking in France General reached 385 million euros, exceeding expectations by 36%.
General society: objectives noted 1 new
General society: objectives noted 1
Objectives identified
In terms of solvency. the ratio of this Société Générale, which reports the equity to the weighted outstanding risk, was 13.75%. The bank had warned at the beginning of the year that it would redistribute to its carriers its excess. capital from the moment when its ratio this 1 would exceed 13%.
The establishment keeps its promises. Société Générale announced this Wednesday that it would buy for 1 billion euros in shares. thus bring this ratio to this 1. “The authorizations. including that of the ECB, were general society: objectives noted 1 new obtained to launch this program, which will start on August 4, 2025,” said the company. This operation will reduce its ratio this 1 0.25 percentage point.
At the end of this quarter, the establishment noted its objectives general society: objectives noted 1 for 2025. The bank now tables on an operating coefficient (which pays charges to net banking product) less than 65%. against less than 66% previously. In the second quarter, this ratio stood at 63.8%. Société Générale also counts a profitability of equity. measured by the ROE (“Return on Equity”) of around 9% in 2025 against more than 8% previously.
“The upward revision of the target for 2025 is already largely taken into account in consensus. but could suggest a new increase for 2026 consensus,” comments Royal Bank of Canada.
In comparison, the results of Crédit Agricole SA are welcomed without entering the market. The action of the general society: objectives noted 1 new listed structure of the Mutualist Bank loses 0.4% around 10:40 am after delivering results overall.
Net profit reached 2.39 billion euros up 30.7% and 25% greater than consensus. The gross operating profit climbed, from 4.1% to 3.31 billion euros, 2% more general society: objectives noted 1 than expectations.
Analysts point out that the bank has held its costs overall. But the dynamics of income on its various professions have constituted a “mixed bag” (“a mixed copy”), underlines Jefferies.
In terms of net profit. the retail bank in France (LCL). Italy have significantly exceeded expectations, while specialized services (consumer credit, leasing factoring) disappointed, with a profit of 114 million euros, 23% lower than expectations. Fortune management has also delivered a profit below consensus.
The bank ratio of the bank also established 11.9% at the end of June, online with expectations.
“The attention of the market will general society: objectives noted 1 new soon be on the medium -term level that Crédit Agricole SA plans. to present on November 18. ” wrote Royal Bank of Canada.
Julien Marion – © 2025 BFM Bourse
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