Dow Jones Newswires: Credit Agricole net distinction rose above expectations

Credit Agricole SA’s third-quarter net distinction rose 8.9% on flourishing revenue, leading analysts’ expectations.

Net distinction for a duration was 1.20 billion euros ($1.33 billion) compared with EUR1.10 billion a year earlier, France’s second largest listed bank by resources

ACA, -3.14%

 said Friday.

Revenue grew 4.8% to EUR5.03 billion.

Analysts had approaching a net distinction of EUR1.14 billion on income of EUR5.02 billion, according to a accord foresee supposing by FactSet.

Credit Agricole’s core Tier 1 ratio, a pivotal magnitude of collateral strength, edged adult to 11.7% in Sep from 11.6% in June.

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