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Equities surge lifts SocGen to six-year high

Soaring sales and trading revenues propel profits at the French group's global banking and investor solutions unit to their highest since mid-2009

Equities surge lifts SocGen to six-year high
Photo: iStock

Soaring equities trading revenues in the three months to June 30 have helped power net profits at Societe Generale's global banking and investor solutions unit to their highest quarterly level in six years.

The French bank, in its second-quarter results published on August 5, revealed that revenues at the global banking and investor solutions division - which was created in May 2014 and comprises global markets and investor services, financing and advisory, and asset and wealth management - rose 16.6% year-on-year to €2.7 billion.

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