ENXTPA:GLEBanks
Société Générale (ENXTPA:GLE) Stock Can Higher Payouts Justify Its Low P/E?
Société Générale Société anonyme stock came into the print with strong momentum, up about 19% over three months and closing at €81.42 on 31 July. The headline was hard to ignore. Q2 net income reached €1.6b with basic earnings per share of €2.15 and group net income for the first half of 2026 hit €3.5b.
The near term reaction now depends on whether investors trust this earnings power to hold over several years. The upgraded 2026 return on tangible equity target of about 11% and the announced...