Societe Generale earnings down 84%
皇冠体育app Daily | Updated: 2008-11-04 08:02
Societe Generale SA, France's third-largest bank, said profit fell 84 percent in the third quarter as credit-related writedowns caused losses at the investment-banking and asset-management units.
Net income dropped to 183 million euros from 1.12 billion euros a year earlier, the Paris-based bank said in an e-mailed statement yesterday.
The median estimate of 12 analysts surveyed by Bloomberg was a profit of 581 million euros.
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