November 7, 2018 / 6:02 AM / 9 days ago

Credit Agricole Q3 profits rise, buoyed by retail and investment banks

PARIS, Nov 7 (Reuters) - French bank Credit Agricole reported higher third quarter net profits, due to a good performance at its retail and investment banking units.

Group net profit rose 3.2 percent to 1.10 billion euros ($1.26 billion). Analysts polled by Inquiry Finance on behalf of Reuters had expected an average profit of 1.03 billion euros.

Revenues rose 5 percent to 4.80 billion euros. Analysts had expected revenues of 4.86 billion euros.

Credit Agricole added that revenues from its retail banks rose 4.3 percent, while revenue from its corporate and investment banking division rose 4.4 percent.

$1 = 0.8759 euros Reporting by Inti Landauro; Editing by Sudip Kar-Gupta

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