Société Générale Shares Drop 5.54% Over the Week, Approaching Key Support Level
Société Générale's stock experienced a significant decline this Thursday at midday, dropping 2.24% to €66.48 in a slightly down-trending Paris market. The CAC 40 index hovered around 8,010 points, down by 0.39%. Over the past seven days, the bank's shares have lost 5.54%, erasing some of the gains made in recent months.
At €66.48, Société Générale's stock is now very close to its technical support at €65.58, a level whose breach could lead to a bearish acceleration. The price is also near the lower Bollinger band set at €64.51, indicating significant selling pressure in recent sessions. The RSI, an indicator measuring relative strength momentum, stands at 41, a zone that, while not yet signaling an overselling, confirms the exhaustion of the bullish movement observed over the past year. The stock remains well above its 200-day moving average (€59.02), reflecting a still favorable underlying trend, but it has crossed below its 20 and 50-day averages (€70.76 and €71.09, respectively), signaling a short-term reversal. The nearly 7% gap with the MM50 illustrates the rapidity of the recent downturn.
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Despite this weekly decline, Société Générale's annual performance remains substantial, with a growth of 68.18% over the year. The stock also gained 3.29% over the last three months, which puts the current correction into perspective compared to its overall trajectory. The next catalyst in the financial calendar is the announcement of the first quarter 2026 results, scheduled for April 30. This date will be followed by the annual general meeting on May 27. These events could provide new insights into the operational trajectory of the banking group. Meanwhile, the relatively low volatility of the stock compared to the market, indicated by a beta of 0.18, suggests that the observed movements are more related to adjustments specific to the stock rather than a broader sectoral dynamic. The SBF 120 only fell by 0.34% in the session, confirming the specific underperformance of the stock this Thursday.
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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