Credit Agricole Shares Slump After Net Profit Drop
By Helena Smolak
Credit Agricole shares fell in early trading Thursday after it said net profit fell in the fourth quarter.
At 0816 GMT shares were down 4.3% at EUR12.45.
The French lender said its quarterly net profit was 1.33 billion euros ($1.43 billion) compared with EUR1.56 billion a year before.
Revenue for the quarter rose to EUR6.04 billion from EUR5.97 billion but missed consensus compiled by FactSet of EUR6.16 billion.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
February 08, 2024 03:47 ET (08:47 GMT)
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