SocGen first-quarter fixed-income surge offset by charges – CNBC.com

Newswires May 3, 2012 0 Comments

SocGen first-quarter fixed-income surge offset by charges
CNBC.com
PARIS (Reuters) – French bank Societe Generale reported a 20.1 percent drop in quarterly net profit, as the cost of selling assets in a weak economy and other one-off charges offset a surprise surge in bonds, currencies and commodities revenue.
SocGen Profit Hit by Restructuring PlanWall Street Journal

SocGen first-quarter profits fall 20%Financial Times
Societe Generale Profit Drops 20% in First QuarterNew York Times
Reuters –Agenzia Giornalistica Italia
all 30 news articles »

Share on Facebook

You must log in to post a comment.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Here’s Why Truncated 6 and 12 Month Cycles Are Scary

Short term cycles look to be headed for a breather. But don’t expect much downside. The 13 week cycle has an updated projection.

Why It’s Big Trouble that Real Time Tax Data Shows Economy Still Growing Fast

The withholding data is the real deal. It continues to show the US economy growing rapidly. Inflation will continue to run very hot, and the Fed will remain under pressure to reduce QE. That showed up this week in Powell’s statement that the Fed will stop saying the bad word, “transitory” because people misunderstand what the Fed means by it. We know otherwise.

Here’s What to Key on With Gold on the Brink of Failure

Subscribers, click here to download the report. Last week was bad, no doubt about it. But it wasn’t a catastrophe yet. This report tells you…

Second, Even Bigger, Explosion of Sell Signals in Swing Trade Screens

This Friday’s screens had 26 buys and 136 sells. 9 of the buys were inverse ETFs, meaning that only 17 of the signals were bullish and 145 were bearish. This is a big number that indicates downside thrust, but it can also mean that it’s time for a minor bounce first.

When the Fed Balance Sheet Will Hit the Fan

This report examines and illustrates the most important line items on the Fed’s weekly balance sheet. It tells you what to look for to recognize when the markets will crash. Because that’s coming.