Société Générale shares among the strongest gains in the CAC 40, +5%
The Défense-based bank accelerates mid-session, in a CAC 40 that is also well oriented. This rebound follows several weeks of decline and a quarterly update deemed solid.
A rebound bringing the share price back above its MM20 without erasing the quarterly decline
The Société Générale share gains 4.83% to €64.52 intraday and ranks among the strongest gains in the CAC 40, behind BNP Paribas (+5%). The stock thus extends its weekly rebound (+4.72% over seven days) and moves back above its MM20 at €62.48, a gap of 3.27%.
The MM50 at €67.97, however, remains 5.08% above the price, and the MM200 at €71.42, 9.66% above.
The rebound eases the three-month decline (-22.35%) without erasing it. It takes place in a Paris market where the CAC 40 rises 1.47%, while the 2027 budget debate keeps the 10-year OAT at 4.93% (as of 3 November).
Nine-month results within the 2026 target and an early bond redemption on 2 December
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On 29 October, the bank reported net income attributable to the group of €5.4 billion over nine months, up 17.3%, with a ROTE of 12.3%. This ROTE is above the 11% target set for 2026, and the third-quarter results confirm a revenue trajectory up 4.1% to €21.4 billion.
On 2 November, the group also announced the early redemption of a senior non-preferred bond issue, scheduled for 2 December 2026. At €64.52, the stock trades at about 8.1 times expected earnings for the current financial year, according to the consensus of analysts covered.
The next figure to watch is resistance at €72.31, far from the MM50 at €67.97 that the price must first reach.
« 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 »
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Baisse des revenus Taux Crédit et Change (-20,6% vs T3-25) sous l'effet d'une baisse d'activité sur les taux
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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.
