SocGen Signals It May Miss Profitability Target, Shares Drop

  • Bank says ROE target for this year of 10% is `unconfirmed'
  • SocGen reports profit of 656 million euros, missing estimates

Cabannes Says ‘No Fear’ on SocGen’s CoCos or Hybrid Debt

Societe Generale SA posted fourth-quarter profit that missed analysts’ estimates, hurt by a slump at the investment bank, and signaled it may miss its profitability target. The shares plunged the most since 2011.

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