Credit Agricole 4Q Net EU291M; Est. EU315M
(Bloomberg) -- Co. plans all-cash dividend of 60 cents per share for 2016.
- Capital-markets revenue EU458m, down 5.1%
- LCL French consumer-banking unit 4Q net EU136m, up 15%
- LCL 4Q revenue EU863m vs EU874m year earlier
- LCL 4Q operating expenses EU604m, down 3.5%
- Co. books EU491m goodwill charge on LCL in 4Q
- Credit Agricole Group’s CET1 at 14.5% end December
- Pioneer purchase to cut Credit Agricole Group’s CET1 by 37bps
- Credit Agricole to lower stake in Amundi to 70% as asset manager will carry out rights issue
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HALISTERSource: BFW (Bloomberg First Word)
Tickers 4068781Z FP (Credit Agricole Groupe)
ACA FP (Credit Agricole SA)
AMUN FP (Amundi SA)
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