Credit Agricole Jumps Amid Cash Dividend, Bank Stakes Sale

  • Transaction seen boosting CET1 ratio to 11% from start of 2016
  • Fourth-quarter profit climbs 28%, beating analysts' estimates

Credit Agricole Boosts Capital, 4Q Profit Up 28%

Credit Agricole SA jumped the most in more than four years after the French lender said it will sell stakes in more than three dozen French regional banks to shore up capital and target all-cash dividends.

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