Investing.com - Credit Agricole (OTC:CRARY) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Credit Agricole announced earnings per share of €0.48 on revenue of €5.83B. Analysts polled by Investing.com anticipated EPS of €0.3643 on revenue of €5.34B.
Credit Agricole shares are up 30% from the beginning of the year, still down 11.56% from its 52 week high of €13.49 set on May 12. They are outperforming the S&P 500 which is up 17.92% 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 AXA on Monday, who reported EPS of €1.63 on revenue of €48.93B, compared to forecasts EPS of €1.39 on revenue of €51,194M.
Amundi had beat expectations on July 30 with second quarter EPS of €1.7 on revenue of €849M, compared to forecast for EPS of €1.37 on revenue of €716.24M.
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