Societe Generale's Good Results Shift Focus to Next Buyback -- Market Talk
Dow Jones
Feb 06
1400 GMT - Societe Generale reported a good set of fourth-quarter results and all eyes will be on plans for its next share buyback, Bank of America's Tarik El Mejjad and Lea George say in a research note. The French bank beat expectations for the fourth quarter in all divisions except for markets, Bank of America says. SocGen's payout mix has shifted to more buybacks than dividends, with plans to launch a 1.5 billion-euro stock repurchase program next week, the analysts say. Its healthy capital position leaves room for more, and Bank of America expects SocGen to announce a 2 billion-euro buyback alongside second-quarter results. Shares fall 2.4%. (adria.calatayud@wsj.com)
(END) Dow Jones Newswires
February 06, 2026 09:00 ET (14:00 GMT)
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