Societe Generale’s Q2 Earnings: A Deep Dive Analysis

Societe Generale, the third-largest listed bank in France, recently released its Q2 earnings report, which exceeded analysts’ estimates. The bank’s effective cost management and robust car leasing division helped to offset the decline in margins within its retail division, which faced challenges due to stringent mortgage regulations in France, government-set savings accounts, and the phasing out of a cheap long-term loan program by the ECB.