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DEVELOPING: SocGen Announces Shock €1.5B Buyback After HUGE Profit!

BREAKING: Societe Generale announces a massive €1.5 billion buyback program! The move comes after the bank reported a surge in profits for the fourth quarter.

Net income jumped 36% to €1.4 billion, exceeding expectations. Lower costs and strong French retail banking performance fueled the profit surge.

CEO Slawomir Krupa is prioritizing investor payouts. However, equity and fixed-income trading results were weaker than anticipated.

The buyback program is set to begin immediately. Further details are expected in a press conference later today.

This is a developing story. Stay tuned for updates.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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