This photo, taken on October 28, 2019, shows the logo of Societe Generale, in Ouistreham, Normandy, France.
SAMEER AL-DOUMY | AFP | Getty Images
LONDON – Societe Generale reported a net profit of 470m euros on Wednesday for the fourth quarter of 2020.
Frédéric Oudéa, the group’s chief executive, said in a statement: “The Q4 results provide further confirmation of the return to our business seen in Q3 after a start to the year marked by the impact of the Covid crisis.”
Analysts expected a net income of 252 million euros for the quarter and a loss of 822 million for that year. The French bank reported net income of 862 million euros for the third quarter.
The stock has fallen by more than 43% in the last 12 months.