By Pietro Lombardi 
 

Credit Agricole SA (ACA.FR) reported results for the fourth quarter on Thursday. Here's what you need to know:

PROFIT: Net profit for the period was 1.01 billion euros ($1.14 billion) compared with EUR387 million a year earlier. Analysts had expected a profit of EUR886 million, according to a consensus forecast provided by FactSet.

REVENUE: Revenue rose 4.3% on year to EUR4.85 billion, surpassing analysts' expectations of EUR4.81 billion.

WHAT WE WATCHED:

INVESTMENT BANKING: The bank's capital-markets and investment-banking operations reported a 29% decline in revenue.

CAPITAL: Credit Agricole's core Tier 1 ratio, a key measure of capital strength, was stable at 11.5% in December.

NEW PLAN: The French bank will present a new plan through 2022 in June. "In 2018, Credit Agricole SA's business lines surpassed the main objectives of the medium-term plan one year ahead of schedule," Chief Executive Philippe Brassac said.

Write to Pietro Lombardi at pietro.lombardi@dowjones.com

(END) Dow Jones Newswires

February 14, 2019 07:30 ET (12:30 GMT)