Credit Agricole Q2 Net Profit Drops 67%

Credit Agricole SA

reported a 67% drop in its second-quarter net profit. Credit Agricole's quarterly net profit fell to 111 million euros ($139 million), from €339 million, in the year-ago period. Its revenue dropped 14% to €4.75 billion. Credit Agricole shares rose 0.78% to close at $2.59 yesterday.