Societe Generale Reports Significant Net Income Increase in 2024

Societe Generale announces impressive financial results with net income rising from 2.49 billion euros to 4.20 billion euros in 2024. This growth sets a positive tone for investors, highlighting strong earnings potential moving forward.

Date: 06-02-2025

AI Rating: 7

Earnings Per Share (EPS): Societe Generale reported an EPS of 4.38 euros for the year, up from 2.17 euros in the previous year. This significant increase indicates improved profitability, which is likely to boost investor confidence and could positively impact stock prices.

Net Income: The net income reported for 2024, at 4.20 billion euros, marks a substantial increase from 2.49 billion euros in the prior year. The increase in net income enhances the company's financial standing and acts as a positive indicator for potential future earnings.

Revenue Growth: The net banking income increased to 26.79 billion euros from 25.10 billion euros year-over-year. This growth reflects the company's ability to generate higher revenues, which can lead to a more favorable perception among investors.

Dividends and Share Buybacks: The board has proposed a distribution policy for 2024 with a cash dividend of 1.09 euros per share and a share buyback of 872 million euros. This shows a commitment to returning value to shareholders, which is generally viewed as a positive sign by investors.

Stocks: SCGLF SCGLY