Societe Generale Q2 Earnings: Profit More Than Doubles – ValueWalk Premium

Societe Generale Q2 Earnings: Profit More Than Doubles

France’s Societe Generale SA (OTCMKTS:SCGLY) (EPA:GLE)’s second quarter net profit more than doubled aided by strong investment banking business.

France’s second largest bank’s net profit doubled to €955 million ($1.27 billion) in the quarter ended June, up from €436 million in the year ago period, beating analysts’ estimates of €608 million.

Confident of 10 percent ROE

The strong results enthused the . . .

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