Société Générale Shares Drop 1.5% Amid a Rising CAC 40
The French bank takes a breather after several weeks of spectacular gains. The stock declines at close in an otherwise rising CAC 40, as European banking stocks suffer from renewed caution over long-term rates.
A Temporary Setback After a Year-Long Surge of Over 60%
Société Générale's stock ended the session at €76.02, down 1.67% from the previous day. The stock ranks at the lower end of the CAC 40, while the Paris index itself rose by 0.54% to 8,385.49 points. This decline follows a soaring phase: the stock is still up +10.49% over the month, +19.08% over three months, and nearly 62% over the year.
The stock had broken its resistance at €71.90 in mid-June, as documented by a session that saw a nearly 7% rise, before continuing its march towards €76.60 last Monday. The European sector context also weighs in: the ECB raised its rates for the first time since 2023, and financial press strategists believe that the phase of supporting stock markets with accommodative monetary policies is coming to an end.
Moving Averages Remain Well Oriented, with Resistance at €78.92 in Sight
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Despite today's decline, the technical setup remains bullish. The price is above the MM20 at €73.00 (a +4.14% gap), above the MM50 at €70.91 (+7.21%), and above the MM200 at €65.39 (+16.26%). The RSI at 64 remains in a high neutral zone, with no marked signs of exhaustion.
The identified resistance at €78.92 is the next graphical threshold above the current price. According to the consensus of surveyed analysts, the stock is trading at about 9.9 times the expected earnings for the current fiscal year and 8.5 times those for the next fiscal year. The next concrete event for shareholders will be the early repayment of the convertible bond FR001400BDA1, scheduled for July 6.
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.
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.
