Credit Agricole Q1 Net Profit Rises

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CREDIT AGRICOLE SACRARY
reported a 3 percent gain in its net profit for the first quarter. Credit Agricole's quarterly net profit surged to EUR784 million ($878.13 million), compared to EUR764 million, in the year-ago period. Its revenue rose 8 percent to EUR4.36 billion versus EUR4.06 billion. Net profit in the group's investment bank rose 22 percent to EUR320 million in the quarter, while net profit at its insurance and asset management business climbed 11 percent to EUR402 million. Credit Agricole shares fell 2.69 percent to close at $7.53 yesterday.
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Posted In: EarningsNewsprofit
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