Societe Generale increased its profitability target through a new strategic plan focused on cost reductions and revenue growth. Total distributions to shareholders could top $24.12 billion from 2026 to 2029 under the bank's revised financial framework.

The French lender identifies the expanding use of AI as a key driver for its expenditure cuts. This operational shift aims to raise the firm's overall returns and increase payouts to investors over the 2026 to 2029 period.