SocGen shareholders should thank Jerome Kervel

Who would have believed it? After the initial shock of losing €4.9Bn because of its rogue trader's unfortunate positions, Societe Generale has now recovered all its market value. Even better, SG's supposed weakness has prompted all of its hawkish competitors to enter in a bidding war, thus boosting its share price. Thank you Jerome!

Evolution of SG's Market Value (in €Bn) following the anouncement of the €4.9Bn trading loss


SocGen has overperformed its competitors since the Jan 24th announcement of the trading losses. Chart below shows the normalised evolution of the share price of SocGen vs its main competitors (SX7P= DJ STOXX Banks Index)

SG's share price overperforms its peers

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