Keefe Bruyette upgrades Societe Generale stock to Market Perform

Published on 10/21/2026 at 09:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Keefe Bruyette set a EUR 75.00 target for Societe Generale on October 13, 2026. Societe Generale stock costs EUR 62.23, 0.27 percent above Xetra close.

Analysts and earnings dates

Keefe Bruyette moved Societe Generale to Market Perform with a EUR 75.00 target on October 13, 2026.
First-half net income reached EUR 3.5 billion, up 13.9 percent from the prior year, according to a report dated October 20, 2026.
Societe Generale stock trades at EUR 62.23 at 9:46 a.m. CEST at Lang & Schwarz on October 21, 2026, 0.27 percent above the Xetra close of October 20, 2026.
Third-quarter results are scheduled for October 29, 2026.

Aquarellmalerei eines Bürohochhaus-Viertels bei Sonnenuntergang in Paris — Aquarellbild inspiriert von Société Générale S.A. (FR0000130809) zeigt Pariser Geschäftsviertel La Défense in weichen Farben, Illustration mit AI erstellt.

Societe Generale (ISIN FR0000130809) was trading at EUR 62.23 at Lang & Schwarz on October 21, 2026 at 9:46 a.m. CEST, up 0.27 percent versus the Xetra close of October 20, 2026 at EUR 62.06. The latest analyst change came from Keefe Bruyette, which upgraded the bank to Market Perform from Underperform and set a EUR 75.00 price target on October 13, 2026, according to Markets Insider.

First-half profit sets the base

The bank entered the autumn reporting cycle with a stronger earnings base. Societe Generale posted EUR 3.5 billion of net income for the first half of 2026, an increase of 13.9 percent from the prior-year period, while return on tangible equity reached 12.0 percent, according to Ideal Investisseur on October 20, 2026.

The same report said management had raised its 2026 return-on-tangible-equity target to approximately 11 percent. That combination gives the October results a clear test: whether stronger revenue trends can offset credit costs and pressure on French sovereign debt.

What does the target mean for valuation?

The EUR 75.00 target stands 20.54 percent above the Lang & Schwarz price of EUR 62.23. Keefe Bruyette's move therefore points to a recovery case, but its revised rating is less aggressive than a Buy recommendation.

Three dates frame the bank story

The recent chronology runs from the July 30 first-half report with EUR 3.5 billion in net income, through the October 8 report of a EUR 1.5 billion exceptional share buyback, to the October 13 Keefe Bruyette rating change. The figures and dates are reported by ABC Bourse.

The next substantiated company date is October 29, 2026, when Societe Generale is scheduled to publish third-quarter results, according to Zonebourse on October 19, 2026.

Stock holds above the Xetra close

Societe Generale was trading at EUR 62.23 at Lang & Schwarz on October 21, 2026 at 9:46 a.m. CEST, 0.27 percent above the Xetra close of October 20, 2026 at EUR 62.06. The modest daily premium leaves the October 29 results as the next concrete test for the earnings narrative.

The further course of trading is shown by the continuously updated real-time quote of Societe Generale stock.