French bank Societe Generale on February 11 reported a jump in fourth-quarter net profit, boosted by the sale of its stake in asset manager Amundi, but warned that it may fall short of its profitability target this year.
The Paris-based lender, France's third-largest listed bank by assets, said net profit rose 20% to €656 million ($739 million) in the three months through December, from €549 million a year earlier. Revenue was down 1% at €6.05 billion.
