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Société générale: rebound retail banking:
Société Générale logo in Paris
Société Générale leaps on the stock market Thursday after having noted its financial objectives for 2025, the bank having identified a net profit superior to the consensus under the second quarter of 2025 thanks in particular to the rebound of the result of the retail banking division in France. Meanwhile,
The title Société Générale took 6.4% around 07:19 GMT, against an increase of 0.21% for the CAC 40 at the same time, and evolved at the highest since 2008. Additionally, Meanwhile,
Société Générale said in a press release now target an operating coefficient of less than 65% in 2025. However, against less than 66% previously, and profitability on société générale: rebound retail banking tangible net assets of around 9%, against more than 8% initially announced. Consequently,
“We are ahead of all our annual targets in the first half. Furthermore, thus able to review them up for the year 2025” said Slawomir Krupa, general manager of the group, quoted in the press release.
The third French bank in terms of market capitalization published a net profit share of the group up 30.6% over one year to 1.45 billion euros, greater than the average estimates of 15 analysts compiled by the group of 1.19 billion euros.
Its net banking product increased 1.6% over one year to 6.79 billion euros from March to June while the consensus awaited 6.68 billion euros. Management costs, down 5.2% to 4.33 billion euros, are slightly lower than the consensus which provided an average of 4.43 billion euros.
Société Générale, which displays a société générale: rebound retail banking ratio from this to 13.5% at the end of June, also announced that a dividend deposit of 0.61 euro per share will be paid under the first half of 2025. the launch of an additional share repurchase of one billion euros.
Analysts welcomed the results of the French bank, Jefferies stressing the confirmed growth of the retail bank in France.
“In short. results higher than expectations, recovery of forecasts, yields,” said Goldman Sachs analysts in a note, saying that confirmation of an action buyout program so early “is an increasingly positive element”.
The performance of Société Générale was notably allowed by a rebound in the retail banking division in France. private banking and insurance, whose group’s net profit has doubled over one year at 488 million euros thanks in particular to an increase of 14.8% over one year of the net margin of interest. société générale: rebound retail banking
The mobility, retail and international financial services division has seen its net profit grow from 25.7% to 404 million euros.
The Banking Net Bank Product of Large Customers and Investor Solutions was stable to 2.65 billion euros, while the group’s net profit decreases by 3.4% to 750 million euros. Revenues from rate, credit and change activities believed 7.3% over one year to 615 million euros.
(Written by Bertrand de Meyer, with Mathieu Rosemain, edited by Blandine Hénault)
Société générale: rebound retail banking
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