Europe’s Best-Performing Bank Stock Tipped to Keep Rising

Societe Generale has led gains in Europe’s best-performing sector over the past year, and according to Rothschild & Co Redburn, the party isn’t over just yet.

The French lender’s focus on investment banking means it is set to benefit from the European Union’s Savings and Investments Union, according to analyst James Invine, who initiated coverage with a buy rating and set the highest price target among brokers tracked by Bloomberg. The program aims to encourage citizens and businesses to invest in capital markets.