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Societe Generale Q4 profit misses estimates as investment-bank earnings slump
Add BT as a preferred sourcePublished Thu, Feb 11, 2016 · 09:50 PM
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Paris
SOCIETE Generale SA, France's second largest bank by market value, posted fourth-quarter profit that missed analysts' estimates as earnings at the investment bank fell and it set aside provisions for potential legal costs.
Net income rose to 656 million euros (S$1 billion) from 549 million euros a year earlier, the Paris-based company said on Thursday. Earnings fell short of the 944 million euro average estimate of four analysts surveyed by Bloomberg, as a 400 million euro litigation charge offset a gain from the sale of a stake in asset manager Amundi SA.
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