Société Générale stock breaks through support at €62.27 and declines nearly 2%
The bank headquartered in La Défense extends its decline mid-session, in a CAC 40 also oriented downward but less affected than it. It finds itself in the lower ranks of the index, while tension over French debt remains at the center of discussions.
Below its support, the bank widens the gap with its three moving averages
Société Générale loses 1.83% to €61.13, compared to 0.63% for the CAC 40, and ranks fourth among the largest declines in the index. The price falls below the support level of €62.27, which corresponded to the previous close. It is 8.06% below its 20-day moving average and 14.73% below its 50-day moving average, a gap that widened following a 14.97% decline over one month, excluding dividend detachment.
The RSI at 30.1 is approaching the oversold zone. The stock has been trading ex-dividend since October 5, following the detachment of a dividend of €0.75, a factor taken into account in the performances mentioned.
French debt and Moody's rating: the October 23 deadline approaches
Free · Every morning
Technical market signals, before the opening bell.
Bullish and bearish momentum, analyst changes, stocks to watch — automatically computed from Euronext data.
✓ Before 9 AM every morning✓ Euronext data✓ AI-powered analysis
You're in — subscription confirmed!
Your first edition is on its way. Check your spam folder and add us to your contacts.
An error occurred.
Indicative data. No investment advice. Unsubscribe at any time.
Gratuit · chaque matin
Ne ratez plus rien sur vos actions
La tendance derrière les cours. L'essentiel des valeurs Euronext en quelques minutes.
📈les valeurs en mouvement, sur la durée
🎯les objectifs d'analystes qui évoluent
📰les actualités qui font bouger les cours
tendance · 6 séances
✓ C'est fait, vous êtes inscrit !
Votre première édition arrive bientôt. Pensez à vérifier vos spams.
Une erreur est survenue.
CAC 40 · SBF 120 · données indicatives · aucun conseil en investissement · désinscription à tout moment.
The session is unfolding under pressure from French interest rates. The yield on the 10-year OAT was 4.85% on October 19 according to the Banque de France, and the spread with the Bund reached 1.42 points. Following the weekend violence, the budget debate for 2027 remains tense in the National Assembly.
On the fundamentals side, the bank had published on July 30 a record net profit of €3.5 billion in the first half of 2026, up 13.9%, and raised its 2026 ROTE target to approximately 11%. According to the consensus of surveyed analysts, the stock trades at approximately 7.7 times the earnings of the current fiscal year. Moody's must reassess France's sovereign rating on October 23.
« Revenus du Groupe de 21,4 Md EUR sur 9M-26, en hausse de +4,1% vs. 9M-25, en bonne voie pour dépasser la cible 2026 >+2% » ; « ROTE de 12,3% sur 9M-26, en bonne voie pour dépasser la cible 2026 à ~11% » ; « Coût du risque de 27 pb sur 9M-26, dans la fourchette cible de 25 à 30 pb pour 2026 »
Risks mentioned
Perspectives négatives de Moody's sur la notation long terme (dette senior préférée) « A1 »
Baisse du résultat des ventes de voitures d'occasion (-12,2% revenus Ayvens vs T3-25)
Baisse des revenus Taux Crédit et Change (-20,6% vs T3-25) sous l'effet d'une baisse d'activité sur les taux
Opportunities identified
BoursoBank atteint 9,4 millions clients avec une contribution annuelle attendue supérieure à 300 M€
Forte dynamique des Actions +45,9% au T3-26 atteignant un record de plus de 1,2 Md€
Global Banking & Advisory maintient une solide dynamique de croissance portée par les financements structurés
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
