The French Bank has Warned Market

The French bank has warned of a 20% decline in revenues in its market activities in the fourth quarter due to the high volatility on the financial markets. Its title loses more than 4% this Thursday morning, causing other banking stocks.

After Natixis, JP Morgan and Citigroup, it is Societe Generale’s turn to announce a drop in its trading income, against a backdrop of a mini-crash on the markets in December. La Défense bank announced Thursday, Jan. 17 expect a decline of 20% of its revenues in its market activities in the fourth quarter due to the high volatility in the financial markets. It also indicates that the disposals announced at the end of last year (in Serbia, in La Banque Postale Financement) will result in an exceptional charge of 240 million euros in its accounts for the fourth quarter.

“The challenging environment in global capital markets is expected to reduce revenues from the Markets & Investor Services business by around -20% in Q4-18 compared to Q4-17 and by around -10% in 2018. compared to 2017, as well as a significant increase in risk-weighted market risk outstandings, “the bank said in a statement.

Share Soc Gen loses more than 4% this Thursday morning on the Paris Stock Exchange, resulting in other banking stocks: BNP Paribas yields 2.5% and Crédit Agricole nearly 2%.

“All the activities of retail banking and international financial services as well as those of financing and consulting should be in line with the expectations communicated by the group,” relativizes the bank, which maintains its forecasts in retail banking in France (or a decline of 1% to 2% over 2018).

In December, Natixis, the listed subsidiary of the mutual bank BPCE, issued a warning on its fourth quarter earnings due to losses in its equity derivatives portfolio in Asian markets. According to the Bloomberg agency, BNP Paribas has lost $ 80 million in its trading activities on the S & P 500 index. The bank of the Rue d’Antin will publish its results on February 6.

For the big American banks, which have just released their results for the fourth quarter, they have all been penalized by the difficult market environment, the Dow Jones having experienced its worst month of December since 1931.

JPMorgan saw its income in the bond drop by 18% between October and December, Citigroup by 21%. At Goldman Sachs, the dynamism of equity trading (+ 17%) and advice in mergers and acquisitions has amortized losses related to bond trading (-18%).


  • Ellen Reply

    26 January 2021 at 20:13

    Hey would you mind stating which blog platform you’re working with?
    I’m going to start my own blog soon but I’m having a difficult time selecting between BlogEngine/Wordpress/B2evolution and Drupal.
    The reason I ask is because your layout seems different then most blogs and I’m looking for something
    unique. P.S Apologies for being off-topic but I had to ask!

  • Mikayla Reply

    27 January 2021 at 14:07

    Hi there! This post couldn’t be written much better!
    Looking through this article reminds me of my previous roommate!
    He always kept talking about this. I will send this
    article to him. Fairly certain he’ll have a good read.
    Thanks for sharing!

  • Kathaleen Reply

    30 January 2021 at 03:59

    Spot on with this write-up, I honestly believe this website needs
    a great deal more attention. I’ll probably be returning to see more, thanks for the info!

  • John Reply

    01 February 2021 at 06:37

    I have read so many posts concerning the blogger lovers however
    this paragraph is actually a nice post, keep it up.

  • Faustino Reply

    01 February 2021 at 17:06

    If some one wants expert view on the topic
    of blogging and site-building afterward i propose him/her to visit this weblog, Keep up the pleasant job.

  • slot Reply

    04 February 2021 at 21:35

    of course like your web site but you need to check the spelling on several of your posts. A number of them are rife with spelling problems and I find it very troublesome to tell the truth nevertheless I will surely come back again.

  • zortilo nrel Reply

    07 February 2021 at 18:15

    I am glad to be a visitor of this staring web blog! , appreciate it for this rare info ! .

  • 샌즈카지노 Reply

    16 February 2021 at 16:33

    Why users still make use of to read news papers when in this technological world everything is accessible on net?|

  • visit profile Reply

    17 February 2021 at 22:03

    Everything is very open with a clear description of the challenges. It was really informative. Your website is extremely helpful. Many thanks for sharing!|

  • Reply

    20 February 2021 at 04:12

    Howdy, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam responses? If so how do you reduce it, any plugin or anything you can recommend? I get so much lately it’s driving me mad so any support is very much appreciated.|

  • energy healer Sydney Reply

    20 February 2021 at 20:54

    Yes! Finally someone writes about keyword1.|

  • tjana pengar online Reply

    22 February 2021 at 02:44

    Hey very cool blog!! Man .. Beautiful .. Amazing .. I’ll bookmark your web site and take the feeds also? I am happy to find a lot of helpful information right here within the submit, we want work out more techniques on this regard, thank you for sharing. . . . . .|

  • נערות ליווי בנשר Reply

    22 February 2021 at 23:44

    Appreciating the time and effort you put into your blog and detailed information you provide. It’s nice to come across a blog every once in a while that isn’t the same outdated rehashed material. Great read! I’ve bookmarked your site and I’m adding your RSS feeds to my Google account.|

  • web designer Reply

    23 February 2021 at 21:18

    Hey there! Quick question that’s totally off topic. Do you know how to make your site mobile friendly? My website looks weird when viewing from my apple iphone. I’m trying to find a theme or plugin that might be able to fix this issue. If you have any suggestions, please share. Thank you!|

  • Perdre du poids Reply

    24 February 2021 at 05:13

    Wow, awesome weblog structure! How lengthy have you been running a blog for? you made running a blog look easy. The overall look of your web site is fantastic, as smartly as the content material!

  • online fashion oman Reply

    24 February 2021 at 19:18

    Very soon this web page will be famous amid all blogging and site-building people, due to it’s pleasant posts|

Leave a Comment