Reported 19 days ago
Credit Agricole's shares dropped nearly 6% following the release of mixed quarterly results, highlighted by record investment banking sales but disappointing revenues from consumer finance and insurance. The bank's Q3 revenue missed estimates at €6.49 billion, with a notable 1.2% decline in insurance revenue tied to crop production policies. Despite a 4.7% decrease in net profit to €1.67 billion, the bank maintains confidence in meeting its 2025 financial targets early.
Source: YAHOO