Société Générale shares rebound nearly 5% in a week following its results

A rebound that moves back above its 20-day moving average

Société Générale shares gain 1.6% to €64.91 intraday and rank among the strongest gainers in the CAC 40, which is up 0.48%. The stock has just moved back above its MM20, at €62.59, a gap of 3.71%, and is up 4.78% over seven days.

The MM50, at €67.84, is however 4.32% above the current price. This rebound follows a 21.8% decline over three months, which the weekly gain softens without erasing. It also comes shortly after the publication on October 29: a net income attributable to the group of €5.4 billion over nine months, up 17.3%, for a ROTE of 12.3%.

The first nine months of 2026 and the share buyback programme

At the time of this publication, the group estimated its revenues at €21.4 billion over nine months, “on track to exceed the 2026 target by more than 2%”, with an ROTE expected above 11% for the year.

Among the risks cited were Moody's negative outlook on the long-term rating and the decline in revenues from Taux Crédit et Change.

On the shareholder return side, the €1.5 billion programme announced on July 30 was executed at approximately 100% as of September 30, and buybacks reached €4.0 billion over twelve months, or 8.3% of market capitalisation.

On the social front, its subsidiary SGSS would cut 80 jobs in France, according to Les Échos. On the timing side, resistance at €72.31 remains the nearest bullish level, while support sits at €59.66.