Société Générale Stock Continues Its Rise at Close, Approaching Record Highs
Société Générale's stock closed on Tuesday, December 23, at 68.22 euros, up by 0.56% compared to the previous session. After an exceptional year in the stock market with a rise of over 155% over 12 months, the French bank consolidates its level and remains above the symbolic threshold of 68 euros, close to its highest since the 2008 crisis.
Market Performance on Closing Day
At the close of Tuesday, December 23, Société Générale's stock advanced by 0.56% to settle at 68.22 euros, amid reduced trading volumes with only 0.19% of the capital traded. The price is now above the resistance threshold of 68.16 euros, which could pave the way for new highs. Over a week, the bank has shown a performance of 6.03%, confirming the momentum observed for several months. The stock has thus made a remarkable journey in 2025, with an increase of 155.6% over a year and 18.93% over three months. Technically, the RSI indicator stands at 78, a level indicative of an overbought zone suggesting a recent rush in buying. This signal indicates that the stock might experience a technical breather in the short term, although the underlying trend remains decidedly bullish. The price is significantly above its key moving averages, including the MM50 at 58.46 euros, demonstrating a sustained positive momentum supported by improved profitability of the group and investor backing.
Stock Market Journey Amid Favorable Valuation
Société Générale's stock market journey is set against a backdrop of favorable valuation, supported by several recent catalysts. In November, the group announced a 1 billion euro share buyback program aimed at canceling shares, an operation approved by the ECB and currently being rolled out. This initiative, combined with an attractive distribution policy, has enhanced the appeal of the stock for investors. Additionally, several analysts have upgraded their recommendations and price targets, such as Deutsche Bank, which raised its target from 63 to 68 euros at the end of November. The group also benefits from a strong operational momentum, with quarterly results published in October exceeding consensus expectations. The net profit for the third quarter reached 1.52 billion euros, up by 11.3%, while over nine months, the return on tangible equity stood at 10.7%, above the annual target. This structural improvement in fundamentals, coupled with support from financial markets in a context of increased volatility, continues to drive the French banking stock.
