Wednesday, May 4, 2016

Societe Generale Q1 Profit Rises, Confident About FY16; Stock Up

Shares of French lender Societe Generale SA were gaining around 4 percent in the early morning trading in Paris after the company reported Wednesday higher profit in its first quarter, even as net banking income was weak. Looking ahead, Chief Executive Officer Fr‚d‚ric Oud‚a said, "With a sound balance sheet and robust solvency ratios, the Group is confident about its outlook for 2016,..

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