Credit Agricole profit beats forecasts

MarketWatch | Feb 14, 2020 at 6:30 AM
  • Credit Agricole SA’s fourth-quarter net profit beat expectations after it rose sharply, supported by one-offs and growing revenue.
  • Net profit for the period rose 65% to 1.66 billion euros ($1.80 billion), France’s second-largest listed bank
  • Credit Agricole’s core Tier 1 ratio, a key measure of capital strength, was 12.1% in December, compared with 11.7% in September.