Credit Agricole Profit Surges After Disposal of Greek Unit
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Credit Agricole SA, France’s third-largest bank by market value, said profit surged in the second quarter after the sale of its unprofitable Greek unit.
Net income jumped to 696 million euros ($922 million) from a restated 56 million euros a year earlier, the bank, based near Paris, said on its website. Earnings beat the 481.6 million-euro average estimate of eight analysts surveyed by Bloomberg.