SocGen set 13 to 14 percent ROTE goal. Societe Generale stock sits 25.60 percent below its high

Published on 10/08/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Societe Generale targeted EUR 1.90 billion in savings by 2029. Societe Generale stock costs EUR 63.10 on October 8, 2026 versus EUR 63.84.

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Societe Generale stock (ISIN FR0000130809) was trading at EUR 63.10 at Lang & Schwarz on October 8, 2026 at 11:08 a.m. CEST, down 1.16 percent versus EUR 63.84 at the October 7, 2026 prior close. According to MarketScreener on September 21, 2026, SocGen had set a 13.00 to 14.00 percent return on tangible equity goal for 2029.

Profitability target meets cost cuts

The 2029 return on tangible equity goal compares with the bank's target of 11.00 percent for 2026. Societe Generale also planned EUR 1.90 billion in gross savings by 2029 and overall costs below EUR 16.30 billion, according to MarketScreener.

The planned cost-to-income ratio below 55.00 percent by 2029 would improve on the 60.00 percent target cited for the current plan. The source attributed the savings to procurement and information-technology spending, artificial-intelligence productivity gains and lower staffing costs.

Buyback adds a capital signal

Societe Generale had completed 93.00 percent of its exceptional EUR 1.50 billion share buyback by September 25, 2026, according to GlobeNewswire. The issuer reported 3,131,463 shares purchased during September 21 to September 25 at a weighted average price of EUR 72.2619.

That capital return supports the strategic plan's shareholder focus, but execution remains the key variable. The plan also called for global-markets revenue of EUR 6.00 billion to EUR 6.50 billion in 2029, compared with EUR 6.00 billion in the prior year, while digital bank BoursoBank was targeted to reach 14.00 million customers from 9.00 million.

Stock remains below yearly high

The Lang & Schwarz price of EUR 63.10 is 25.60 percent below the 52-week high of EUR 84.82 and 21.39 percent above the 52-week low of EUR 51.98, both as of October 8, 2026. Market capitalization stood at EUR 46.4 billion on the same date, while Societe Generale was listed on Euronext Paris under ticker GLE.PA.

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