Credit Agricole SA, France’s third-largest bank, posted fourth-quarter profit that beat analysts’ estimates on higher earnings at the investment bank and lower provisions for doubtful loans. The shares rose.
Net income climbed 13 percent to 697 million euros ($796 million) from a year earlier, Montrouge-based Credit Agricole said in a statement Wednesday. Earnings surpassed the 563.2 million-euro average estimate of five analysts surveyed by Bloomberg. The group also strengthened its capital buffer.