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Daily Digit: French Bank's Bounceback

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Daily Digit: French Bank's Bounceback
AIRED:
4.5% is today's daily digit - the immediate share price rise at Credit Agricole after a 12 fold increase in quarterly profit. A year ago France's third biggest bank was depressed by asset-writedowns in Greece and Italy - it posted a loss close to 4 billion euros. This year second quarter net income was almost 700mln euros (696mln) well above analysts' forecast. Credit Agricole's re-focus on it's home market appears to be paying off despite a struggling French economy.moreless
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