SocGen First-Quarter Profit Jumps
Societe Generale SA, France’s second-largest bank by market value, posted a fivefold increase in first-quarter profit. Net income rose to 868 million euros ($972 million) from 169 million euros a year earlier. The increase beat the 770 million-euro average estimate of five analysts surveyed by Bloomberg. Chief Executive Officer Frédéric Oudéa, spoke to Bloomberg’s Caroline Connan on “Countdown”.