A brand outdoors a Societe Generale SA financial institution department in Paris, France.
Bloomberg | Bloomberg | Getty Photos
LONDON — French financial institution Societe Generale reported web revenue that beat analyst expectations for the primary quarter of 2021, getting a lift from a robust efficiency in its world markets division.
Internet revenue for the primary quarter got here in at 814 million euros ($977 million), the lender mentioned Thursday. Analysts had been anticipating a web revenue of 204 million euros.
The corporate additionally stunned markets on the finish of the 4 quarter with a web revenue of 470 million euros, and nicely above the 252 million euros estimated by analysts forward of the outcomes.
The inventory is up practically 40% year-to-date.
This can be a breaking information story and will probably be up to date shortly.
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