Societe Generale shares dropped more than 6% in early Monday trade after France's third-biggest bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.
Slightly lower targets on ROTE, payout ratio than beforeshares dropped more than 6% in early Monday trade after France's third-biggest bank said it expected little if any growth in annual sales over the coming years in a keenly-awaited strategic plan from its new CEO.
and some other European rivals amid a costly exit from Russia last year and concerns it is too reliant on volatile investment banking. Both targets are slightly below previous pledges that saw ROTE reaching about 10% in 2025 and a payout ratio of 50%.
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