EL7.AI
StocksMedium•30 October 2026•
2 min read

Crédit Agricole’s Third-Quarter Profit Rises 17.9% to €1.991 Billion

Key Facts

1Net income attributable to Crédit Agricole shareholders rose 17.9% in the third quarter of 2026.
2Third-quarter revenue was €7.092 billion, up 7.5%.
3The cost of risk rose 19.6% to €585 million in the third quarter.
4Crédit Agricole shares fell 1.77% in the market snapshot on October 30, 2026.

Net income attributable to Crédit Agricole shareholders rose 17.9% year on year in the third quarter of 2026 to €1.991 billion, according to results announced by the group. Revenue increased to €7.092 billion, up 7.5% from the same period a year earlier. Reuters said profit attributable to shareholders slightly exceeded the average of estimates compiled by the London Stock Exchange Group. The results reflected activity across retail and investment banking, alongside an increase in the cost of risk. The bank’s shares fell 1.77% in trading on October 30, according to a market snapshot cited by Reuters.

French retail banking stood out among the sources of revenue growth, with the unit’s revenue rising 17% to a record €1.15 billion in the third quarter, Reuters reported. Investment banking revenue reached €1.75 billion, up 10% from 2025 levels. Fixed-income, currencies and commodities sales also rose 8.3%, according to the report. The bank said capital markets and investment banking activity increased 42.4%, citing strong performance in structured equities and capital markets activity. The figures show that growth in revenue came from more than one business, rather than being limited to trading.

Revenue growth was accompanied by a rise in the cost of risk, which reached €585 million, up 19.6% from the third quarter of 2025, the bank said. Meanwhile, the cost-to-income ratio improved to 55.4%, down 2.8 percentage points year on year. JPMorgan analysts, in an assessment reported by Reuters, said the results presented a "mixed picture," citing the higher cost of risk and weakness in specialized lending and international retail banking. The bank also said the automotive market weighed on mobility-related activities. This included lower used-car margins at Crédit Agricole Auto Bank and Drivalia, alongside a significant decline in Drivalia’s short-term leasing activity.

For the first nine months of 2026, net income attributable to shareholders was €5.718 billion, up 1.0% from the corresponding period. Revenue for the period reached €21.449 billion, a year-on-year increase of 5.3%. As of September 30, the Common Equity Tier 1 ratio was 11.2%, with a 2.4 percentage-point buffer above the regulatory requirement, the bank said. In the same market snapshot on October 30, BNP Paribas shares fell 1.31% and Société Générale shares fell 1.59%, alongside the decline in Crédit Agricole shares. The bank set February 4, 2027, as the date for publishing its 2026 annual results.