Credit Agricole SA shares fell nearly 6% after the French bank reported mixed quarterly results, marked by record investment banking sales, a slightly smaller-than-expected drop in earnings and a surprise fall in insurance revenues.

Credit Agricole reported a smaller-than-expected fall in net profit for the third quarter of 2024 but softer revenue missed views, sending its shares lower.

Investing.com -- Shares of Crédit Agricole (EPA: CAGR) were down over 4% on Wednesday following the bank's third-quarter results, which came in slightly below analysts’ expectations. The French banking group reported an adjusted profit before tax of €2,366 million for 3Q24, which was 2% lower than the consensus forecast of €2,404 million.

French bank Credit Agricole SA reported a smaller-than-expected drop in third quarter net profit on Wednesday after a record three months for its investment bankers offset weakness at some of its retail businesses.