The facade of a building of the French bank Societe Generale is seen in Paris, France, February 9, 2021. REUTERS/Sarah Meyssonnier
Societe Generale (SOGN.PA) will press ahead with an overhaul of its investment bank after its equities division posted its best performance in six years in the first quarter, the French bank said on Thursday.
Revenue from share trading surged to 851 million euros from just 9 million a year ago, helping SocGen post a better than expected net profit of 814 million euros ($977 million) after a loss of 326 million euros in the first quarter of 2020.
Shares in France’s…
