SocGen Q3 Profit Rises 24 Percent on Strong Trading

French bank Societe Generale reported a 24 percent rise in third-quarter net profit as surging equities trading and higher lending income offset a decline in fixed income.

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The logo of the French bank Societe Generale is seen in front of the bank's headquarters building at La Defense business and financial district in Courbevoie near Paris, France, April 21, 2016. REUTERS/Gonzalo Fuentes

SOCIETE GENERALE SA posted a group net income of €1.89 billion ($2.10 billion), rising 24% year-on-year during the third quarter.