Societe Generale reported a 15 percent drop in net income during the third quarter of the year, as it prepared to resolve two legal disputes in the U.S. The shares fell 4 percent in early trade.
Here are some of the key metrics:
- Net banking income: 932 million euros ($1.087 million), vs 1.042 billion euros expected in a Reuters poll
- Earnings per share: 3.12 euros for first nine months of the year, versus 4.19 euros a year ago
Speaking to CNBC on Friday, Frédéric Oudéa, the bank's chief executive officer, said that the low interest rate environment poses a challenge to the bank's books.
"We are still penalized by the low rate environment," Oudéa said, but "going forward, in particular in light of a progressive accommodation of the monetary policies by the central bank in Europe, we should see then a better revenue outlook."