Societe Generale pledged to cut costs this year and sought to reassure investors it was confident about its 2016 outlook, although its deputy chief executive warned that the industry would never return to its pre-crisis boom.
France’s second-biggest listed bank said on Wednesday that net income rose 6.5 percent in the first quarter to 924 million euros ($1.06 billion).
It said it was confident about its 2016 outlook thanks to a diversified business model that helped outweigh investment banking weakness in the first quarter.
