Investing.com - Credit Agricole (OTC:CRARY) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Credit Agricole announced earnings per share of €0.46 on revenue of €5.78B. Analysts polled by Investing.com anticipated EPS of €0.376 on revenue of €5.55B.
Credit Agricole shares are up 12% from the beginning of the year, still down 0.81% from its 52 week high of €14.27 set on February 10. They are outperforming the CAC 40 which is down 0.72% 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 Amundi on Wednesday, who reported EPS of €1.52 on revenue of €794M, compared to forecasts EPS of €1.48 on revenue of €788.06M.
Euronext had beat expectations on Thursday with fourth quarter EPS of €1.31 on revenue of €370.1M, compared to forecast for EPS of €1.16 on revenue of €365.3M.
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