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 bank to project a return on equity of 10 percent by the end of 2015. France’s third-largest listed bank by assets reported a €59 million second-quarter net profit as against a loss of €231 million reported last year. The…