Crédit Agricole's Q3 profit rises 11% like-for-like as CEO warns French instability could affect future loan demand
Reuters reports 8.3% growth in fixed-income, currency and commodities sales versus flat or falling sales at two French rivals.
TLDR
Crédit Agricole's third-quarter net profit rose 11% year over year on a like-for-like basis, Reuters reports, with €1.99 billion attributable to shareholders. Its fixed-income, currency and commodities sales grew 8.3%, while French retail revenue hit a record. Bloomberg reports 18% year-over-year net-income growth, a different comparison, and says CEO Olivier Gavalda warned French fiscal and political instability could affect future loan demand.
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