Investment Banking

SocGen’s fixed income traders offset equities drop as volatility fades

European banks saw a more muted third quarter for trading and dealmaking than their Wall Street counterparts

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Paris-listed SocGen has more than doubled its share price so far this year, outperforming its European peer group Photo: Bloomberg via Getty Images

Societe Generale reported broadly flat revenue from trading during the third quarter, joining other European banks in posting lukewarm results compared to their US rivals.

The French lender’s global markets business posted €1.4bn in revenue between July and September, up 0.5% from a year earlier.

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