Credit Agricole's Q1 earnings jump as investment banking beats rivals

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Explore stories from Atlantic Canada.

Subject of emergency alert message arrested - May 2, 2024 | SaltWire #dartmouth #update #suspectPARIS - Credit Agricole SA, France's second-biggest listed bank, posted a forecast-beating 55% jump in first-quarter net profit on Friday, helped by corporate and investment banking sales that outperformed rivals.

European banks' first-quarter earnings have largely beaten expectations, with the boost from higher interest rates still supporting lenders' bottom line and sending their shares to multi-year highs. French banks have not benefited as much as peers from the rise in rates because they are required to pay more on deposits and a highly regulated mortgage market squeezes margins. Analysts expect them to perform better when rates fall.

The lender said revenue at its corporate and investment banking businesses, which account for a quarter of overall revenue, rose 4% year-on-year, boosted by cash management and corporate leveraged finance.

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 45. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين