Les bénéfices de Société Générale ont chuté mais dépassent les attentes.

Société Générale’s Fourth-Quarter Net Profit Weighed Down by Revenue Drop and Operating Expenses

Société Générale, one of Europe’s largest financial services groups, recently released its fourth-quarter earnings report. While the company reported a net profit of €686 million, this was a 10% decrease from the same period last year. The decline in profit was primarily due to a drop in revenue and an increase in operating expenses.

Revenue Drop

Société Générale’s revenue for the fourth quarter was €6.2 billion, a 9.8% decrease from the previous year. This decline was mainly driven by a decrease in the company’s global banking and investor solutions division, which saw a 14.5% drop in revenue. The division, which includes investment banking and trading activities, was impacted by market volatility and lower client activity.

Operating Expenses

The company’s operating expenses also increased by 3.3% to €5.1 billion in the fourth quarter. This was mainly due to higher costs related to compliance and risk management,  

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