Investing.com - Credit Agricole (PA:CAGR) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Credit Agricole announced earnings per share of €0.31 on revenue of €5.3B. Analysts polled by Investing.com anticipated EPS of €0.1852 on revenue of €5.09B.
Credit Agricole shares are up 3% from the beginning of the year and are trading at €10.72 , down-from-52-week-high.They are outperforming the CAC 40 which is up 2.13% 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 February 5, who reported EPS of €1.01 on revenue of €10.83B, compared to forecasts EPS of €0.9155 on revenue of €10.83B.
Societe Generale had beat expectations on Wednesday with fourth quarter EPS of €0.55 on revenue of €5.84B, compared to forecast for EPS of €0.3505 on revenue of €5.81B.
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