Société Générale says 2026 ROTE on track to exceed roughly 11% target
Bitget2026/11/05 14:52- Société Générale reported record third-quarter 2026 net income of EUR 1.89 billion, up 24.1% from a year earlier.
- Nine-month return on tangible equity reached 12.3%, exceeding the full-year target of about 11%.
- CEO Slawomir Krupa reaffirmed the profitable growth strategy, citing operational efficiency, risk management and capital generation.
- The CET1 ratio stood at 13.4% at end-September, about 320 basis points above the regulatory requirement.
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Asia-Pacific stock markets follow the overnight rally in US tech stocks, with South Korea's KOSPI up 5% at the open, SK Hynix surging more than 7%, and Nikkei 225 rising over 2%.
This round of rebound occurred after the market experienced severe turbulence. Last week, concerns over the potential for stricter regulation of the artificial intelligence industry, due to the US Congressional election results, triggered a large-scale sell-off in chip stocks. Several market participants believe that this rebound indicates investors have not abandoned the AI trading narrative, and last week’s sell-off was more about position adjustments rather than a trend reversal.
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