1110 GMT - Credit Agricole's fourth-quarter pretax profit exceeded JPMorgan's estimates, analysts say. The result was driven by contribution from Banco BPM as well as by higher revenue from the French bank's asset gathering and corporate and investment banking businesses, JPM analysts say. Corporate and investment banking, asset management, insurance and private banking revenues were stronger than expected, and JPM says it expects low single-digit EPS upgrades after the result. The upgrade is expected to be driven by the performance of Credit Agricole's asset gathering and its corporate and investment banking business, JPM says in a research note. Shares trade 1.8% higher at 14.82 euros. (pierre.bertrand@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 06:10 ET (11:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。