Turnaround Hopes Lift SocGen to 2011 Highs Ahead of 2Q Report

Societe Generale SA shares hit their highest intra-day levels since 2011, a day ahead of the publication of the French banking group’s second-quarter results as hopes about Chief Executive Officer Slawomir Krupa’s turnaround plan gained further traction.

SocGen shares have had a stellar start to the year, rising 92% as investors see the bank boosting its profitability and shareholder payouts after successfully strengthening its balance sheet.