Societe Generale Shares Drop 2.49%, Falling Back to Its Support at €65.72
Societe Generale's stock significantly declines midday, amid a CAC 40 that loses 0.57%. The bank is among the biggest losers in the Paris index, erasing the previous day's rebound within hours. The annual general meeting is now in focus.
Significant Drop to €67.70, Stock Falls Below its 20-Day Moving Average
Societe Generale's stock loses 2.49% to €67.70 by mid-session, down from €69.43 at the previous close. This movement contrasts with the 1.60% rebound recorded the previous day. The stock has fallen below its 20-day moving average (MM20) of €68.50, a 1.17% gap, and is now touching its 50-day moving average (MM50) at €67.61. The 200-day moving average (MM200) remains well below at €63.27, which is 7% under the current price, indicating a still bullish long-term trend over the year (+37.49%). The RSI at 54 remains in neutral territory. The nearest technical support is identified at €65.72. The stock is among the biggest declines in the CAC 40 this Thursday, as the Paris index drops by 0.57% and the SBF 120 falls by 0.51%. The session occurs in a contrasting European environment, with the DAX advancing by 0.56% while the Paris market slows down.
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Next appointment for shareholders: the annual general meeting is scheduled for Wednesday, May 27, 2026. The bank will review the first quarter accounts, which were published on April 30, highlighting a tangible return on equity of 11.7%, above the annual target of more than 10%. The session on April 30 ended with a 6% drop, and the stock has not yet returned to pre-publication levels. According to the consensus of analysts surveyed, the stock is currently trading at about 8.9 times the expected earnings for the current fiscal year and 7.6 times those of the following year. The support at €65.72 now serves as the nearest technical reference point before the general meeting on May 27.
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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