Credit Agricole S.A.

Credit Agricole is active in the market of retail banking and related businesses. Co. provides day-to-day banking, savings products, mortgage and consumer loans, insurance, private banking, asset management, lease finance and factoring, corporate and investment banking. Its activities can be divided into six business lines: French Retail Banking - Regional Banks; French Retail Banking - LCL; International Retail Banking; Specialized Financial Services; Savings Management and Insurance; and Corporate and Investment Banking. Co.'s customers are personal customers, farmers, small businesses, companies and local authorities. As of Dec 31 2013 Co.'s total assets amounted to Euro1,536,873,000,000.
  • TickerACA
  • ISINFR0000045072
  • ExchangeEuronext Paris
  • SectorBanks
  • CountryFrance

Analysts

Ibrahim Firdaus

Crédit Agricole S.A.

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 12/11/2019 - Atlantia- FR

Atlantia (Achat) : EBITDA de €5,7 mds (+115%, +1% en comparable) sur les 9M-19 Telecom Italia (Achat) : Réduction de la dette, développement des services cloud en partenariat avec Google Iliad (Achat) Une offre de rachat d’actions de €1,4md, financée par une augmentation de capital Credito Emiliano - 9M-19 : RN de €158m (+4,5%) Mediobanca (Achat) : La participation de Leonardo Del Vecchio est passée à environ 9,9% BPCE (Achat) - 9M-19 :  Résultat avant impôts de €4,1 mds (-5,5%) Expedia (Achat) - 9M-19 : Résultat opérationnel de $743m (+2...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/11/2019

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Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/11/2019

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Jean Sassus ...
  • Steven Gould

Credit Agricole : U Q3 2019 in line with the group’s medium-term ambitions

>Operations: clearly positive jaws effect and cost of risk still low - CASA reported Q3 2019 figures that were slightly higher than expected: (reported net profit = € 1.2bn, +6% vs consensus / -17% y-o-y) with: 1/ operating profit in the operating units of € 1.95bn (+1% vs consensus / stable y-o-y); but 2/ significantly positive operating leverage (+340bp on the underlying). The quarter was marked by:(+) a cost of risk that remained at a low level (29bp vs busine...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 12/11/2019 - Atlantia- FR

Atlantia (Achat) : EBITDA de €5,7 mds (+115%, +1% en comparable) sur les 9M-19 Telecom Italia (Achat) : Réduction de la dette, développement des services cloud en partenariat avec Google Iliad (Achat) Une offre de rachat d’actions de €1,4md, financée par une augmentation de capital Credito Emiliano - 9M-19 : RN de €158m (+4,5%) Mediobanca (Achat) : La participation de Leonardo Del Vecchio est passée à environ 9,9% BPCE (Achat) - 9M-19 :  Résultat avant impôts de €4,1 mds (-5,5%) Expedia (Achat) - 9M-19 : Résultat opérationnel de $743m (+2...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 08/11/2019 - Teva - EN

TP ICAP - Europe - Morning CreditUpdate 08/11/2019 - Teva - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

TP ICAP - Europe - Morning CreditUpdate 07/11/2019 - Crédit Agricole, Teva - FR

Credit Agricole S.A.: Semiannual update

Our credit view of CASA, reflecting the mutualist group's dominant retail banking and insurance franchises in France, with highly diversified sources of income.

Credit Agricole S.A.:Semiannual update

Our credit view of CASA, reflecting the mutualist group's dominant retail banking and insurance franchises in France, with highly diversified sources of income.

Ibrahim Firdaus

Crédit Agricole S.A.

Jean Sassus ...
  • Steven Gould

Credit Agricole : U Q3 2019 in line with the group’s medium-term ambitions

>Operations: clearly positive jaws effect and cost of risk still low - CASA reported Q3 2019 figures that were slightly higher than expected: (reported net profit = € 1.2bn, +6% vs consensus / -17% y-o-y) with: 1/ operating profit in the operating units of € 1.95bn (+1% vs consensus / stable y-o-y); but 2/ significantly positive operating leverage (+340bp on the underlying). The quarter was marked by:(+) a cost of risk that remained at a low level (29bp vs busine...

Jean Sassus ...
  • Steven Gould

Crédit Agricole : U Un T3 2019 sur les rails des ambitions du groupe à MT

>Opérationnel : ‘jaws effect’ clairement positif et CdR toujours faible - CASA publie des chiffres au T3 2019 légèrement supérieurs aux attentes :(RN publié = 1.2 Md€, +6% vs consensus / -17% YoY) avec 1/ un résultat d’exploitation des unités opérationnelles à 1.95 Md€ (+1% vs consensus / stable YoY) mais 2/ un levier opérationnel sensiblement positif (+340 pb sur le sous-jacent). Le trimestre est marqué par :(+) un coût du risque maintenu à un niveau bas (29 pb ...

Jean-Christophe Dourret

Credit Agricole : Credit Agricole - 21 oct 2019

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Jean-Christophe Dourret

Crédit Agricole : Credit Agricole - 21 oct 2019

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1 director sold

A director at Credit Agricole sold 2,000 shares at 11.750EUR and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/11/2019

...

Emira Sagaama ...
  • Jean Sassus
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Olfa Taamallah
  • Oussema Denguir
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 11/11/2019

...

Fehmi Ben Naamane ...
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Pierre Tegner
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 08/06/2019

...

Fehmi Ben Naamane ...
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Pierre Tegner
  • Roland Pfaender
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 06/08/2019

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Benoit Valleaux ...
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Olivier Lebrun
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 06/07/2019

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CREDIT AGRICOLE SA sees a downgrade to Slightly Negative on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of CREDIT AGRICOLE SA (FR), active in the Money Center Banks industry. As regards its fundamental valuation, the title now shows 3 out of 4 stars while market behaviour can be considered risky. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Slightly Negative. As of the analysis date October 4, 2019, the closing price was EUR 10.57 and its target price was estimated at EUR 9.36.

Ibrahim Firdaus

Credit Agricole

Ibrahim Firdaus

Credit Agricole

Ibrahim Firdaus

Credit Agricole

Ibrahim Firdaus

Credit Agricole

Carine Maciol

Credit Agricole : Conservative and reassuring targets for 2022

Crédit Agricole on 6 June 2019 presented its new strategic plan for 2022 and held a credit update this morning. The occasion provides an opportunity to review this solid credit. - The proposed plan is in line with the previous one, with targets that we consider conservative and therefore feasible. Revenue growth is to be driven by organic growth and intragroup synergies, whilst a firm grip will be kept on costs to offset continued IT spend. These factors will help absorb the expec...

Carine Maciol

Crédit Agricole : Des objectifs prudents et rassurants à horizon 2022

Crédit Agricole a présenté le 6 juin son nouveau plan stratégique à horizon 2022 et organisé ce matin un update crédit. L’occasion de faire un point sur cette signature solide. - Le plan proposé est dans la continuité du précédent avec des objectifs que nous estimons prudents et donc atteignables. - La croissance des revenus sera tirée par le développement organique et les synergies intra-groupes, alors que les coûts resteront maitrisés pour compenser la poursuite des investissemen...

MarketLine Department

BPCE SA - Strategy, SWOT and Corporate Finance Report

Summary BPCE SA - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights BPCE SA (BPCE) is bankig group that offers a range of commercial banking, insurance, corporate finance, investment management and financial solutions. It provides loans and credits, demand deposits, savings accounts, regulated home savings products, life and non life insurance products, debit and pre...

MarketLine Department

Rabobank Group - Strategy, SWOT and Corporate Finance Report

Summary Rabobank Group - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Rabobank Group (Rabobank) offers global banking and related financial solutions. It offers a wide range of accounts, deposits, cards, loans, online banking, agriculture and rural advisory, and leasing, among others. Rabobank also offers services such as international payments, capital structur...

MarketLine Department

Dexia Group - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Dexia Group Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Dexia Group since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key Highlights ...

MarketLine Department

Banco Santander SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Banco Santander SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Banco Santander SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. K...

MarketLine Department

CNP Assurances SA - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's CNP Assurances SA Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by CNP Assurances SA since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advantage. Key...

Charles Pinel

Crédit Agricole - Assemblée générale des actionnaires du 21 mai 2019

Comme chaque année, la société propose l'approbation de chaque nouvelle convention réglementée dans des résolutions spécifiques, ce qui permet aux actionnaires de les approuver une par une. En revanche, les anciennes qui continuent de poursuivre leurs effets ne sont pas soumises au vote des actionnaires alors que l'assemblée générale doit statuer sur le rapport spécial selon le Code de commerce, ce qui est regrettable. Le faible taux d'indépendance d'un conseil trop nombreux nous empêche de soutenir le renouvellement des mandats de trois administrateurs. Cependant, la séparation des fonctions...

Expert Corporate Governance Service (ECGS)

Crédit Agricole - AGM and EGM 21 May 2019

Disclaimer: ECGS does not provide any service to the Company, except assistance on managing their voting guidelines (provided by Proxinvest, the French partner of ECGS).  As in previous years, the Company proposes the approval of each new regulated agreement in specific resolutions, which allows shareholders to approve them one by one. However, ECGS regrets that the former ones that continue to have an effect are not submitted to the vote of shareholders.  Given the size and lack of independence on board, ECGS will not support the re-appoints of: Véronique Flachaire, Jean-Pierre Gaillard and...

Crédit Agricole – Proxinvest Corporate Governance Rating ® : C

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Charles Pinel

Proxy Report - 16/05/2018

Related party agreements (resolutions 4-8): We appreciate that each new agreement is submitted in a separate resolution giving shareholders the flexibility to vote for or against resolutions without having to reject the report in its entirety. However, the Company does not submit previously approved agreements to a vote, which is contrary to best practices. Remuneration (resolutions 19-24): Chairman of the Board: Quantum is reasonable compared to the median non-executive Chairman in the CAC40 Index. CEO and Deputy CEO: Remuneration 2017: Although qualitative criteria weighting for the bo...

Charles Pinel

Proxy Report - 16/05/2018

Comme chaque année, la société propose l'approbation de chaque nouvelle convention réglementée dans des résolutions spécifiques, ce qui permet aux actionnaires de les approuver une par une. En revanche, les anciennes qui continuent de poursuivre leurs effets ne sont pas soumises au vote des actionnaires alors que l'assemblée générale doit statuer sur le rapport spécial selon le Code de commerce, ce qui est regrettable. En ce qui concerne les rémunérations du Président du conseil et des deux dirigeants mandataires sociaux, six résolutions sont proposées. Pour le Président, les montants demeure...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

EU and UK Financials remain actionable Our outlook on global equities (both the MSCI ACWI and ACWI ex-US) remains positive and we continue to expect higher equity prices going forward. Below we highlight several new developments which give us additional confidence in our outlook, including but not limited to continued price and RS improvements for UK/European Financials. • Actionable Sector: Financials. Today's stock recommendations go beyond UK and European Financials, however these regions are the primary focus due to a plethora of attractive setups. In today's report we reiterate our 3/21...

Matthieu DRIOL

Short term view - CREDIT AGRICOLE : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €11.105, then €10.598. Passing €13.120 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - CREDIT AGRICOLE : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 11,105 €, puis 10,598 €. Le franchissement de 13,120 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Analyse court terme - CREDIT AGRICOLE : Le mouvement se poursuit.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 11,105 €, puis 10,598 €. Le franchissement de 13,120 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

Short term view - CREDIT AGRICOLE : The movement goes on.

The background trend is clearly bearish. The movement goes on. The next target is at €11.105, then €10.598. Passing €13.120 would question the continuation of the fall.

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