Credit Agricole faced larger losses in Q4

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Source: Marketwatch
Credit Agricole SA announced wider loss for Q4 citing 4% fall in revenue. The lost amounted 3.07 billion Euros compared with the 328 million Euros in the preceding quarter. Analysts of FactSet Research predicted the loss to approach 2.7 billion Euros. The company will not declare dividend for 2011, reported Credit Agricole.


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