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Societe Generale SA
SCGLY posted a weaker-than-expected Q2 profit.
Societe Generale's quarterly net profit fell to 433 million euros ($533 million), versus EUR747 million, in the year-ago period. However, analysts were expecting a net profit of EUR764 million.
Its revenue dropped 3.6% to EUR6.27 billion, versus EUR6.50 billion. Societe Generale's corporate and investment banking revenue tumbled 33% to EUR1.22 billion.
Societe Generale shares closed at $4.45 yesterday.
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