Credit Agricole posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals.
Net profit in the January to March period rose to 1.9 billion euros , above the 1.48 billion-euro average of 19 analyst estimates compiled by the company. Despite the overall rise in revenues, Credit Agricole said its retail sales in France grew by just 1.8% while its net interest margin, or the difference between what a bank earns on loans and pays out for deposits, was stable.
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