Credit Agricole and Macquarie post mixed results
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Credit Agricole’s corporate and investment banking business turned in record Q1 2007 earnings, with net income (group share) rising nearly 17% to e539 million ($729 million) from e462 million in Q1 2006.
The bank attributed the income gains to record levels across several capital market products, primarily in FX and equity derivatives.
This solid performance flowed through to net banking income, which reached e1.62 billion from e1.39 billion, a year-on-year rise of 16.2%.
Macquarie said
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