Societe Generale lifts 2029 profitability target, shares jump
French bank Societe Generale's shares rose 3.7% after it set a 13%-14% Return on Tangible Equity (ROTE) target for 2029, surpassing the consensus of 12.6%. The bank also aims for 3% revenue growth, with analysts noting significant cost reduction efforts including €1.9 billion in structural savings. Jefferies viewed the