Société Générale published its Q3 16 earnings this morning. Total revenues for the quarter were above both consensus expectations and our own expectations at €6.25bn (clean, excluding the revaluation of own financial liabilities and DVA). The beat was still strongly driven by global markets’ revenues (FICC, equity and prime services) while French retail banking-linked revenues were quite disappointing. Total expenses were a bit better as well and so were
03 Nov 2016
Global markets again...
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Global markets again...
Societe Generale S.A. Class A (GLE:WBO) | 0 0 0.9% | Mkt Cap: 37,685m
- Published:
03 Nov 2016 -
Author:
Farhad Moshiri -
Pages:
3
Société Générale published its Q3 16 earnings this morning. Total revenues for the quarter were above both consensus expectations and our own expectations at €6.25bn (clean, excluding the revaluation of own financial liabilities and DVA). The beat was still strongly driven by global markets’ revenues (FICC, equity and prime services) while French retail banking-linked revenues were quite disappointing. Total expenses were a bit better as well and so were