SocGen Will Deliver Profitability Boost by 2028 -- Market Talk

Dow Jones12-17 20:54

1254 GMT - Cost cutting and better deployment of capital will help Societe Generale to grow its earnings per share at an average rate of 20% between now and 2028, Bank of America analysts write. The French bank will also boost its return on tangible equity to 13% from 10% over the next three years, which the analysts say is at the heart of their confidence in the group. Evolving the group's French retail business into a digital bank will cut costs and improve weak profitability, the analysts add. Societe Generale is the biggest riser in the French CAC 40, gaining 3.3%.(josephmichael.stonor@wsj.com)

 

(END) Dow Jones Newswires

December 17, 2025 07:54 ET (12:54 GMT)

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