Credit Agricole Shares Slump After Net Profit Drop
By Helena Smolak
Credit Agricole shares fell in early trading Thursday after it said net profit fell in the fourth quarter.
At 0816 GMT shares were down 4.3% at EUR12.45.
The French lender said its quarterly net profit was 1.33 billion euros ($1.43 billion) compared with EUR1.56 billion a year before.
Revenue for the quarter rose to EUR6.04 billion from EUR5.97 billion but missed consensus compiled by FactSet of EUR6.16 billion.
Write to Helena Smolak at helena.smolak@wsj.com
(END) Dow Jones Newswires
February 08, 2024 03:47 ET (08:47 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.-
Six Sports Betting and iGaming Stocks Trading at a Discount
-
4 Predictions for Stocks and the Economy for the Second Half of 2024
-
What Broadening Rally? AI Stocks Dominate Again In Q2
-
After Earnings, Is Nike Stock a Buy, a Sell, or Fairly Valued?
-
Worst-Performing Stock ETFs of the Quarter
-
Top-Performing Stock ETFs of the Quarter
-
Q2 In Review and Q3 2024 Market Outlook
-
5 Stocks to Buy for 3Q 2024
-
Industrials: Sector Offers Investment Opportunities as Performance Lags Broader Market
-
Consumer Defensives: Even Amid Macro Pressures, Deals Permeate the Landscape
-
33 Undervalued Stocks
-
Utilities: Can the Stocks Keep the Rally Going?
-
Basic Materials: Following Index Decline, We See Many Long-Term Opportunities
-
Healthcare: Valuations Look Attractive In Most Industries
-
Financial Services: Amid Uncertainties, We See the Most Value In Banks and Credit Services
-
Consumer Cyclicals: Even With Anxiety Over Spending, We See Attractive Valuations