News Formal

SocGen's investment bank limits Q1 profit plunge

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Explore stories from Atlantic Canada.

Subject of emergency alert message arrested - May 2, 2024 | SaltWire #dartmouth #update #suspectPARIS - French bank Societe Generale reported a better-than-expected 22% slide in first-quarter net income on Friday, as profits on equity derivative sales offset more weakness at its retail bank and in fixed-income trading.

Helped by euro zone interest rates remaining higher for longer than expected, many European banks have beaten expectations for the first-quarter, and some have raised profit targets for the year. SocGen's investment banking division saw its earnings jump 26.4% to 690 million euros, beating forecasts, while revenues weakened 5.1% to 2.62 billion euros for the quarter.

This offset a 17% fall in sales from trading in fixed income and currencies, underperforming the average of Wall Street firms and French rival BNP Paribas. Deutsche Bank delivered a 7% rise in fixed income and currencies trading revenue.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 45. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Saudi Arabia's non-oil business activity grows robustly in March, PMI showsExplore stories from Atlantic Canada.
ソース: SaltWire Network - 🏆 45. / 63 続きを読む »