Societe Generale SA's third-quarter results were better than expected, driven by strong performance in securities trading and a recovery in its French retail banking sector.
Equities trading increased by 10% compared to the previous year, while fixed income trading rose by approximately 6%. These results exceeded market forecasts, indicating the bank's resilience in a competitive environment, despite its equities desk lagging behind Wall Street counterparts during a strong quarter for the sector.
The positive momentum in trading revenue reflects a broader recovery trend within the bank's operations.