The stock price of FAXING Bank reached a new high since the 2008 financial crisis. Earlier, the company announced a dividend distribution plan and raised profit expectations.

French bank Societe Generale announced that it will increase dividends for investors, and after raising profit forecasts, the company's stock price surged 8.5% to its highest level since 2008. The French bank stated in a statement on Thursday that it will buy back 1 billion euros of stock and distribute a mid-term cash dividend. The first mid-term dividend will be 0.61 euros per share, to be distributed in October. The bank's net profit for the second quarter was 1.45 billion euros, exceeding analysts' expectations. Societe Generale stated that it expects a return on tangible equity of around 9% this year, higher than the previous expectation of over 8%.