Equity derivatives shine at Societe Generale

A strong fourth quarter helped the French bank post a 33% increase in full-year equities revenues, offsetting a decline in fixed income revenues

A strong fourth quarter for equities revenues helped Societe Generale post a 33% increase in full-year revenues for the business line, offsetting a decline in fixed income revenues, as total markets revenues held steady and operating profits fell due to a fine.

The French bank this morning posted fourth-quarter and full-year results, with the global markets division showing a strong performance in equity derivatives, and solid revenues in cash equities.

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