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

Investment Banking Editor

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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.

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

Paul Clarke

Banking

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