Société Générale Shares Drop 12% in a Week, Breaking a Key Support Level
Société Générale ended the week on a negative note, with a decline of 2.21% to €66.48 this Friday. The stock has now fallen nearly 12% over the last seven trading days, erasing a significant part of its quarterly gains. The bank is now trading close to a sensitive technical threshold.
Société Générale shares closed at €66.48, now below its support level of €66.70. This downward breach is a negative technical signal, especially as the price is significantly below its 50-day moving average, which stands at €71.16. A stock trading below this reference generally indicates a weakened medium-term dynamic. The weekly loss of 11.71% contrasts with the still positive three-month performance (+8.03%) and the 64.31% increase recorded over one year. However, the price remains well above its 200-day moving average (€58.64), which puts the recent correction into perspective for the longer term. The lower Bollinger band, at €66.74, was also broken during the session, indicating unusual selling pressure.
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As the stock undergoes a significant decline, upcoming events on the bank's financial calendar will be closely monitored. The first quarter 2026 results are scheduled for release on April 30, followed by the annual general meeting of shareholders on May 27. These events will provide an opportunity to assess the group's revenue trajectory and profitability in a market environment marked by increased geopolitical tensions, particularly in the Middle East. The military escalation between the United States, Israel, and Iran, along with the unprecedented blockade of the Strait of Hormuz, has weighed on all European financial markets since the beginning of the month. This geopolitical uncertainty fosters a risk aversion that particularly affects financial stocks. The monthly volatility of the stock has reached 12.52%, a level consistent with the recent fluctuations observed in the price.
En 2025, nous avons franchi une étape déterminante dans la transformation de notre Groupe, avec des revenus et un résultat net records et une distribution exceptionnelle d’actions.
Revenus 2025 à 27 254 millions d'euros, résultat net part du Groupe 6 002 millions d'euros; ROTE 10,2%; coefficient d’exploitation 63,6%; coût du risque 26 pb; distribution 4 679 millions d’euros; CET1 13,5%; dividende par action 1,61 EUR; programme de rachats d'actions de 1 462 millions d'euros; objectif 2026: croissance des revenus >2%, coût du risque 25-30 pb, coefficient d’exploitation <60%.
Outlook / guidance
Expected revenue: Croissance des revenus attendue en 2026 supérieure à 2% par rapport à 2025.
Expected EBITDA: EBITDA attendu en 2026 en progression par rapport à 2025, sans chiffre cible communiqué.
Expected net income: Résultat net attendu en 2026 avec une ROtE supérieure à 10%.
Management commentary: La direction confirme ses objectifs pour 2026 et vise une rentabilité accrue et une meilleure maîtrise des coûts.
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