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ACA Credit Agricole SA

14.585
0.035 (0.24%)
Last Updated: 15:51:20
Delayed by 15 minutes
Share Name Share Symbol Market Type
Credit Agricole SA EU:ACA Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.035 0.24% 14.585 14.58 14.585 14.635 14.55 14.56 1,527,057 15:51:20

Credit Agricole 2Q Net Profit Doubled

05/08/2021 6:50am

Dow Jones News


Credit Agricole (EU:ACA)
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From Apr 2021 to Apr 2024

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By Pietro Lombardi

 

Credit Agricole SA's net profit more than doubled in the second quarter supported by lower provisions and positive one-offs.

France's second-largest listed bank by assets said Thursday that net profit for the period was 1.97 billion euros ($2.33 billion) compared with EUR954 million a year earlier.

The results include the positive impact of exceptional items, including EUR925 million in gross badwill related to the acquisition of Italian bank CreVal.

Provisions for bad loans fell 67% to EUR279 million.

Revenue rose 19% to EUR5.82 billion.

Analysts had forecast a quarterly profit of EUR1.21 billion, according to a consensus forecast provided by FactSet.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

August 05, 2021 01:40 ET (05:40 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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