Investment Banking

Societe Generale’s equities fees slip 3% as revenue beats expectations

The French bank did not follow rivals with sharp gains in stock trading revenue

Societe Generale beat analyst expectations, but trading revenue was muted compared to peers
Societe Generale beat analyst expectations, but trading revenue was muted compared to peers Photo: Benjamin Girette/Getty Images

Societe Generale’s traders notched a small increase in revenue during the second quarter as fixed income fees offset a slip in equities.

The French bank beat analyst expectations with revenue of €6.8bn for the three month period, with trading revenue holding up and investment banking fees increasing.

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