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Investment Banking

Societe Generale tops expectations as fourth-quarter revenue jumps

Investment banking unit holds up, but French lender notes headwinds on the horizon

Societe Generale said 8 February that its fourth-quarter profit beat expectations on strong revenue, after resilient performances in its international investment banking and retail operations, though flagged an uplift in provisions for 2023.

The French lender reported quarterly net profit of €1.16bn ($1.24bn) in the three months to the end of December, down from €1.79bn in the same period of 2021.

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