Investing.com - Credit Agricole (OTC:CRARY) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Credit Agricole announced earnings per share of €0.36 on revenue of €5.14B. Analysts polled by Investing.com anticipated EPS of €0.28 on revenue of €5.03B.
Credit Agricole shares are down 42% from the beginning of the year, still down 46.52% from its 52 week high of €13.80 set on February 14. They are under-performing the CAC 40 which is down 17.65% from the start of the year.
Credit Agricole follows other major Financial sector earnings this month
Credit Agricole's report follows an earnings beat by BNP Paribas on Tuesday, who reported EPS of €1.47 on revenue of €10.89B, compared to forecasts EPS of €1.21 on revenue of €10.71B.
Amundi had beat expectations on Friday with third quarter EPS of €1.26 on revenue of €630M, compared to forecast for EPS of €1.14 on revenue of €633.95M.
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