Credit Agricole Misses Estimates on Costs to Revamp Italy Unit

Credit Agricole SA fell short of analysts’ profit estimates for the fourth quarter as costs rose to revamp its Italian business and it set aside more money for souring loans...

By Claudia Cohen · Bloomberg

Credit Agricole SA fell short of analysts’ profit estimates for the fourth quarter as costs rose to revamp its Italian business and it set aside more money for souring loans and other risks.