Credit Agricole Reports 65% Decline In Q3 Net Profit

Credit Agricole SA CRARY reported a 65% fall in its Q3 net profit. Credit Agricole's quarterly net profit dropped to EUR258 million, versus EUR742 million, in the year-ago period. However, analysts were expecting a net profit of EUR619.75 million. Its revenue gained 6.2% to EUR5.29 billion from EUR4.98 billion. Credit Agricole shares closed at $3.37 yesterday.