Société Générale Shares Stall Below €72 After Key Resistance
Société Générale ended Friday's session lower, alongside a declining CAC 40. The bank paused after encountering technical resistance the previous day, which had been monitored over several sessions.
A Measured Decline That Does Not Erase the Bullish Momentum of Recent Months
Société Générale fell by 1.08% to €70.48 at the close, down from €71.25 the previous day. The stock ranked in the lower half of the CAC 40, while the Paris index dropped 0.29% to 8,220.30 points. The movement comes after a session where the bank had approached a key resistance level. Despite the day's decline, the stock still shows a gain of 47.42% over the year and has risen by 7.24% over the past month. The European stock market climate remains mixed: the DAX dropped 0.52%, while the Nasdaq fell by 1.58% overseas. The VIX fell below 16 points, indicating a relaxation in overall volatility.
Below Resistance at €71.90, the Stock Remains Above All Its Moving Averages
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The stock price encountered resistance at €71.90, a level reached during the session before closing lower. At €70.48, the stock remains above its 20-day moving average (MM20) of €69.18 by 1.88%, and well above its 200-day moving average (MM200) of €64.06, by over 10%. The RSI at 57 remains in a neutral zone, showing no signs of excess. The fundamental technical configuration remains bullish, with the stock not challenging its support at €65.72. Based on the expected earnings per share, the stock is priced at about 9.2 times the earnings for the current fiscal year according to the consensus of analysts surveyed. The sustained crossing of €71.90 remains the technical threshold to watch for the continuation of the bullish sequence.
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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