Société Générale Price Objective Up as BofA Forecasts Profitability Rebound by FY28

01:57 AM EST, 12/18/2025 (MT Newswires) -- BofA Global Research increased its price objective for Société Générale (GLE.PA) as analysts noted their expectation of the French lender's "significant yet credible" profitability turnaround by 2028. "Our thesis hinges on a significant yet credible profitability turnaround to 13% [return on tangible equity] by 2028 (10% in 2025). Key drivers include an unwavering focus on cost savings and capital efficiency, with attractive capital distribution also playing a key role. Our 2025-28E EPS CAGR of >20% (among the highest globally) puts us 6-13% above cons," the research firm said, adding the bank to its "25 stocks for 2026" list and the Europe 1 list of top ideas. BofA also believes the convergence of SocGen's two retail franchises, BoursoBank and SG Network, for efficiency gains is imminent, ahead of the French retail arm's transformation into a predominantly digital bank. Affirming the buy rating, the price objective was increased to 85 euros from 66 euros. With catalysts such as a new capital return policy, profitability and cost efficiency targets in the next three years, analysts noted room for a "material" re-rating of the stock.