Credit Agricole's Messy Print Overshadows Decent Top Line -- Market Talk

Dow Jones
02/04

0810 GMT - Credit Agricole SA reported heavier-than-expected costs and provisions that dragged its bottom line, J.P. Morgan says in a research note after the French bank's fourth-quarter results. "Looking at the divisional trends, top line performance was solid in all retail divisions and in asset gathering, but costs were higher in Italy and insurance," analysts write. The group booked a 41 million-euro provision for its exposure to a car-loan probe in the U.K. and set 30 million euros aside for the revamp of Banca Progetto in Italy. The slightly higher provisioning in its French retail business is a bit negative, though the solid top line in this division reads positively for its French peers, they note. Shares fall 4% at market open. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

February 04, 2026 03:11 ET (08:11 GMT)

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