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Record Quarterly Profit Precedes a 0.89% Decline in Société Générale ADRs

The receipts had gained 5.67% in the prior session, a week after the bank reported record third-quarter net income.

Updated 1 min read
Commuters cross the plaza outside a glass office tower in La Défense, Paris. / EconoTimes.ai
Commuters cross the plaza outside a glass office tower in La Défense, Paris. / EconoTimes.ai

Société Générale reported record third-quarter group net income on Oct. 29. Its U.S.-traded American depositary receipts (ADRs), ticker SCGLY, finished at $14.40 on Nov. 5, a 0.89% decline.

Reported volume on Nov. 5 was 1,435,051 receipts. The session opened at $14.65 and ranged from $14.18 to $14.67. SCGLY had closed at $14.53 on Nov. 4, after a 5.67% gain; trading ended at 4 p.m. ET (21:00 UTC).

Société Générale said in its Oct. 29 third-quarter results release that group net income reached €1.888 billion, up 24.1% from a year earlier, while revenue rose 7.8% to €7.173 billion. The bank said quarterly net income was a record.

The receipts trade over the counter in the United States; five ADRs represent one ordinary share.

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