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SocGen Fourth-Quarter Net Jumps on Investment Bank

Societe Generale SA, France’s second-largest lender, said fourth-quarter profit quadrupled, helped by a turnaround at its Russian unit and on fewer writedowns at the corporate and investment bank.

Societe Generale, based in Paris, rose as much as 4.2 percent after saying today that net income climbed to 874 million euros ($1.18 billion) from 221 million euros a year earlier. That beat the 865 million-euro average estimate of 12 analysts surveyed by Bloomberg.