SG revenues boosted by robust activity in equity derivatives

Société Générale has posted revenues of €6.2 billion (US$6.6 billion) for Q3 2023 – down 6.2% year-on-year (YoY). The group’s net result was penalised by the negative effect of short-term hedges on net interest income in French retail, the impact of which peaked in Q3 2023. We have observed a normalisation of market conditions for flow and financing activities, almost fully offset by a robust level of commercial activity driven by strong momentum i