Investing.com - Credit Agricole (PA:CAGR) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Credit Agricole announced earnings per share of €0.36 on revenue of €5.19B. Analysts polled by Investing.com anticipated EPS of €0.2 on revenue of €4.95B.
Credit Agricole shares are down 34% from the beginning of the year and are trading at €8.45 , down-from-52-week-high.They are under-performing the CAC 40 which is down 18.19% 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 July 31, who reported EPS of €1.8 on revenue of €11.68B, compared to forecasts EPS of €1.23 on revenue of €10.9B.
AXA had missed expectations on Thursday with second quarter EPS of €0.56 on revenue of €47.95B, compared to forecast for EPS of €1.42 on revenue of €54,417M.
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