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Societe Generale Q3 net income 932 million euros

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Staff Writer | Thursday November 8, 2018 7:04AM ET
Societe Generale
Societe Generale   Operating expenses rose to 4.3 billion euros

Societe Generale third quarter results beat expectations on Thursday after the company reported a 32 percent jump in its net income from last year.


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The bank's net income stood at 1.2 billion euros in the third quarter of 2018, beating analysts expectation of 955 million euros for the quarter, according to data firm Refinitiv.

The French bank reported a net income of 932 million euros in the third quarter of 2017.

Net banking revenue stood at 6.5 billion euros versus 5.9 billion a year ago.

Operating expenses rose to 4.3 billion euros from 4 billion a year ago.

Common Equity Tier 1 ratio at 11.2 percent versus 11.4 percent at the end of 2017.

 

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