Société Générale stock rebounds 2% but remains down 20% over three months

A rebound that leaves the share far from its moving averages

Société Générale stock gains 2.03% and closes at €60.87, ranking eighth in a CAC 40 up 0.83%. This movement does not change the underlying picture: the share is still down nearly 15% over one month and 20.2% over three months, taking into account the dividend paid. The price is 4.88% below the 20-day moving average and 14.14% below the 200-day moving average, which measures the extent of the ground covered since summer. The RSI at 32 remains close to the oversold zone, following a weekly decline of 5.58%.

The share has been trading ex-dividend since October 5, following the detachment of a dividend of €0.75. This mechanical decline explains nothing about today's trading session, and the performances cited already incorporate it. In a Paris market where tension on French debt remains strong, with a 10-year OAT at 4.93% according to the latest Banque de France figures, the banking sector remains under the watchful eye of investors.

Third quarter results expected on October 29

The bank will publish its third quarter results and first nine months of 2026 on Thursday, October 29. In the accounts published on July 30, the group's net income had reached a record €3.5 billion, up 13.9%, with a return on tangible equity (ROTE) of 12.0%. The group also raised its 2026 ROTE target to approximately 11% and announced an exceptional share buyback of €1.5 billion.

Risk costs were up 6.6% at €745 million for the half-year, and revenues from the Corporate and Investment Banking division were down 1.3%. According to the consensus of analysts surveyed, the share is trading at 7.6 times the expected earnings for the current fiscal year. The next appointment is therefore on October 29.