Stock Movers Stellantis Tumbles, Societe Generale Drops, Sabadell Falls
Feb 6, 2026
Louise Moon, Breaking News editor at Bloomberg who covers European banking and autos, breaks down big market movers. She walks through Stellantis taking massive charges amid weak EV sales. She highlights Societe Generale missing trading estimates and the market fallout. She also covers the surprise CEO exit at Banco Sabadell and investor reaction.
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Stellantis’ Big Reset On EVs And Costs
- Stellantis paused and took about €22 billion in charges tied to an operational overhaul and softer-than-expected EV demand.
- Louise Moon says the company overestimated the pace of the energy transition and faces execution issues.
Trading Weakness Hits Societe Generale
- Societe Generale's trading revenue missed expectations with fixed income down 13% and equities down over 5% in Q4.
- Louise Moon notes the results dented shares and management promises work to restore momentum.
Sabadell CEO Leaves After Fending Off Bid
- Banco Sabadell's CEO departed unexpectedly months after leading the defense against BBVA's hostile bid.
- Shares fell about 6% despite earnings meeting estimates and an announced buyback, per Louise Moon.