Credit Agricole Q3 profit jumps 11 percent
Credit Agricole reported an 11 percent rise in third quarter net profit to 1.99 billion euros on Friday. Growth was driven by solid performance in its investment banking and domestic retail divisions.
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CREDIT AGRICOLE SA posted an 11% year-on-year rise in third-quarter net profit to €1.99 billion ($2.22 billion) on Friday morning. The performance outperformed major European lenders, driven by strong gains in fixed-income trading and domestic retail banking. Investors are closely examining sector earnings to gauge whether lenders in France can sustain record profits.
