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Societe Generale q3 2020 earnings

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A emblem exterior a Societe Generale SA financial institution department in Paris, France.

Bloomberg | Bloomberg | Getty Images

LONDON — Societe Generale reported a internet revenue of 862 million euros ($ 1.011 billion) for the third quarter on Thursday.

Analysts had estimated a internet revenue of 458 million euros for the quarter, in response to Refinitiv.

This comes after the French financial institution reported a internet loss of 1.26 billion euros for the second quarter of the 12 months as a result of Covid-related provisions and the diminished worth of its buying and selling enterprise.

Shares of Societe Generale are down about 58% year-to-date.

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