Societe Generale’s Shares Drop After Its Traders Disappoint
The Societe Generale SA bank headquarters in the La Defense business district of Paris, France.
Photographer: Nathan Laine/BloombergSociete Generale SA’s stock declined after it reported fourth-quarter results for its trading units that missed estimates.
Revenue from buying and selling fixed income securities and currencies fell 13% in the period from a year earlier, while equities trading fell 5.3%, it said in a statement on Friday. Analysts had anticipated growth for both units.