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Société Générale has a profit of 1.50 billion euros in the 3rd quarter and exceeds its forecast

Société Générale reported this Friday (4) that it posted net income of 1.50 billion euros (US$ 1.46 billion) in the third quarter of this year, below the result of 1.60 billion euros in the same period. last year, but higher than the forecast of 1.05 billion by analysts polled by FactSet.

Net banking income, its main figure, grew 2.3% in the third quarter year-on-year to €6.83 billion. This also beat analysts’ expectations of €6.29 billion. The results of the French bank showed resilience in the performance of retail and investment banking operations.

The bank said its underlying cost-to-revenue ratio in 2022 is expected to be 64%, up from a previous target of between 64% and 66%. At the end of September, it was at 59.6%. With information from Dow Jones Newswires.

Source: CNN Brasil

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