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Societe Generale boosted by market volatility

French bank's equities trading desk shone in Q2, pushing global banking and investor solutions revenues up 17%

Societe Generale boosted by market volatility

Societe Generale said Wednesday that second-quarter net profit jumped 25%, lifted by the performance of its large equity and derivatives trading business and a debt valuation adjustment.

The Paris-based lender, France's third-largest listed bank by assets, said net profit rose to €1.35 billion ($1.47 billion) in the three months through June, from €1.08 billion a year earlier.

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