Previous Close | 25.98 |
Open | 27.15 |
Bid | 24.55 x 0 |
Ask | 24.69 x 0 |
Day's Range | 26.65 - 27.15 |
52 Week Range | 20.64 - 27.15 |
Volume | |
Avg. Volume | 107 |
Market Cap | 21.339B |
Beta (5Y Monthly) | 1.55 |
PE Ratio (TTM) | 12.35 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 0.90 (3.46%) |
Ex-Dividend Date | May 27, 2024 |
1y Target Est | N/A |
PARIS (Reuters) -French bank Societe Generale's net income fell less than expected in the first quarter, as profits on equity derivative sales offset weaknesses at its retail bank and in fixed-income trading. France's third-biggest listed lender, whose CEO Slawomir Krupa is seeking to end several years of lacklustre performance and trim costs, said on Friday group net income over the first three months of the year was 680 million euros ($729 million). Sales slipped 0.4% to 6.65 billion euros, above analysts' 6.46 billion euro average estimate.
A banker fired for making a string of risky stock market bets has called for “trader justice” as he claimed that he and his colleagues were scapegoated.
One of the Societe Generale traders let go by the French bank late last year after it uncovered a series of unauthorised bets has criticised his former bosses, saying they were at fault for failing to identify the trades. Kavish Kataria, a former vice president at SocGen in Hong Kong, said on LinkedIn on Thursday that his job had been terminated with seven days pay and his bonus for the previous year withheld despite, he claimed, making the bank more than $50 million in profit in eight months. "Instead of taking the responsibility of the lapse in their risk system and not identifying the trades at the right time they fired me and terminated my contract," he said.