Societe Generale's Results Might Not Justify Further Stock Outperformance -- Market Talk
Dow Jones
Feb 06
0828 GMT - Societe Generale's fourth-quarter results might not be enough for its shares to keep outperforming, Keefe, Bruyette & Woods's Thomas Hallett and Andrew Stimpson say in a research note. The French bank faced a high bar, as expectations rose and its stock outperformed heading into the earnings, according to KBW. The results look mixed, with earnings flattered by taxes and its corporate center, and guidance for the year ahead is modest, the analysts say. "With nothing unexpected in the group's capital distribution plans, we leave the results feeling slightly underwhelmed," they add. Shares fall 2.7% to 72.20 euros, but are still up 5.1% since the start of the year. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 06, 2026 03:29 ET (08:29 GMT)
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