Societe Generale reported third-quarter profit that exceeded analysts' estimates as higher revenue from trading stocks and bonds cushioned a slump at the French consumer bank.
Net income fell 2.4 per cent to 1.1 billion euros (S$1.69 billion) from a year earlier, the Paris-based bank said Thursday (Nov 3). That beat the 790 million-euro average estimate of six analysts surveyed by Bloomberg. Equities trading revenue rose 17 per cent to 482 million euros.