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)

Copyright (c) 2019 Dow Jones & Company, Inc.
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