Societe Generale posted strong equities revenue in the second quarter

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Societe Generale’s equities traders push up revenue in second quarter

Investment Banking Editor

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Societe Generale’s revenues jumped on improved performance from its equities trading unit, as the French bank looks to slim down non-core units under its new chief executive. 

The French bank posted revenue of €6.7bn for the second quarter of 2024, an increase of around 7% on the same period last year. The increase was driven by Societe Generale’s investment bank, which has refocused on its core equities trading unit in recent years. 

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