Credit Agricole 3Q Net Profit Rose Above Expectations
November 08 2019 - 01:34AM
Dow Jones News
By Pietro Lombardi
Credit Agricole SA's (ACA.FR) third-quarter net profit rose 8.9%
on growing revenue, surpassing analysts' expectations.
Net profit for the period was 1.20 billion euros ($1.33 billion)
compared with EUR1.10 billion a year earlier, France's second
largest listed bank by assets said Friday.
Revenue grew 4.8% to EUR5.03 billion.
Analysts had expected a net profit of EUR1.14 billion on revenue
of EUR5.02 billion, according to a consensus forecast provided by
FactSet.
Credit Agricole's core Tier 1 ratio, a key measure of capital
strength, edged up to 11.7% in September from 11.6% in June.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
November 08, 2019 01:19 ET (06:19 GMT)
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