Société Générale Société anonyme reported higher half-year 2026 earnings, with net income and earnings per share above the prior year, and raised its interim cash dividend by 23%. The results and dividend increase have supported positive investor sentiment, with the share price reaching €83.09 and a 90-day return of 18.70%, while the five-year total shareholder return stands at 278.90%. The most followed analyst narrative places fair value at €83.72, close to the latest close, yet frames the stock as heavily undervalued on a longer-term view using a 7.41% discount rate, citing accelerating digital transformation at Boursorama/BoursoBank as a driver of future fee income and operating leverage. On current numbers, the stock trades at a price-to-earnings ratio of 10.7 times, compared with a fair ratio of 9.4 times, a peer average of 13.9 times, and a European banks average of 11.9 times.
Societe Generale S.A.Higher half-year earnings and 23% dividend increase
