SocGen (GLE FP) Q2 (EUR) adj. net 1.9bln (exp. 1.7bln), rev. 7.2bln (exp. 6.8bln)
Newsquawk ·
SocGen (GLE FP) Q2 (EUR) adj. net 1.9bln (exp. 1.7bln), rev. 7.2bln (exp. 6.8bln) A clean top-and-bottom-line beat from SocGen, with adjusted net income and revenue both above consensus. For this bank in particular, beats of this kind have in past reporting cycles been read through the quality of the underlying mix rather than the headline gap: the equity and FICC derivatives franchise is volatile quarter to quarter, so the durable signal is French retail net interest income, deposit margin trends, and the progress of the restructuring agenda set out under the current management team. French retail has been the persistent drag in recent years, squeezed by regulated savings remuneration and the loan repricing lag, and the tell in episodes of this kind has been whether that book is inflecting. Cost discipline and capital generation are the other hinge, since the market has historically rewarded this name when beats come with CET1 accretion and scope for distribution rather than one-off revenue strength. Peers in the French complex and the broader European bank sector will trade partly as a read-across on domestic retail and markets revenue. The follow-ons worth noting are the divisional detail, the full-year guidance language, and any commentary on integration costs and the capital return trajectory. 28 Oct, 17:43 Airbus (AIR FP) CEO says expects enough Pratt & Whitney (RTX) engines to meet FY targets 28 Oct, 16:46 Airbus (AIR FP) Q3 2026 (EUR): EPS 1.70 (exp. 1.67), Revenue 17.47bln (exp. 17.91bln); Net income 1.34bln (exp. 1.30bln); Adj. EBIT 1.77bln (exp. 1.78bln); 2026 guidance unchanged 28 Oct, 15:05 Newsquawk European Market Wrap - 28th October 2026 28 Oct, 15:00 Newsquawk Daily Economic Releases - 29th October 2026 28 Oct, 13:00 US Midterms (6 days out): Florida flips to a Republican early-vote lead and Kansas narrows further; Crystal Ball shifts House and Senate races towards Democrats PRE-MARKET INDIAN STOCKS NEWS: Earnings from Hero MotoCorp, Hyundai Motor India, JSW Energy, TVS Motor & United Spirits 2 hours ago JPMorgan Chase (JPM) reportedly faces an additional GBP 100-150mln tax bill following the UK government's decision to double the corporation tax surcharge on banks, potentially jeopardising plans for its new London headquarters, Sky News reports 15 hours ago PRE-MARKET AUSTRALIAN STOCKS NEWS: Retailer updates including from JB Hi-Fi, Super Retail Group and Wesfarmers 7 hours ago US Market Wrap: Stocks gain as tech climbs while Dollar takes a hit post Fed 8 hours ago Newsquawk US Daily Equity Opening News - SKHY surges after op profit beat; NXPI & STX down after results 16 hours ago Fitch says US banks appear better positioned to adapt to further rate hikes than they were at the start of the 2022-2023 tightening cycle 13 hours ago [MARKET ANALYSIS] Asia-Pac stocks are mixed as the region digests recent key events including the FOMC and several big tech earnings 2 hours ago PRE-MARKET CHINESE STOCKS NEWS: Earnings deluge 4 hours ago PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics earnings are scheduled today 6 hours ago US President Trump posts "TO THE GREAT PEOPLE OF ALASKA, GET OUT AND VOTE FOR DAN S. SULLIVAN!", while he accuses Minnesota Governor Tim Walz of stealing money from Minnesota 8 hours ago White House says US President Trump has directed officials to negotiate agreements with trading partners to address national security risks from imports of robotics and industrial machinery from any country 9 hours ago Brazil’s Flavio Bolsonaro says he addresses the Brazilian people and the international community as the true elected President of Brazil, according to a statement 10 hours ago There has been a lot of back and forth between the Iranians and Americans via the mediators over the last few days, NewsNation reports, citing a source 10 hours ago Deutsche Telekom (DTE GY) is backing off on a merger with T-Mobile US (TMUS), according to reports 10 hours ago US CRUDE WRAP: WTI (Z6) SETTLES USD 2.88 HIGHER AT USD 102.78/BBL 11 hours ago
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