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

Johann Scholtz

Morningstar | Credit Agricole Posts Strong 3Q, but Credit Losses Below Midcycle Levels Reduce Earnings Quality

Credit Agricole SA reported net income of EUR 1.1 billion for the third quarter, virtually the same as it did in the corresponding period last year. However, the corresponding quarter was inflated by nonrecurring income of around EUR 100 million, so underlying growth was therefore stronger at around 17%. We maintain our fair value estimate of EUR 11 as well as our no-moat rating. Credit Agricole recorded decent revenue growth of 6% year on year, somewhat inflated by the first-time inclusion of the acquired Italian banks. Revenue from insurance activities was especially strong. Corporate and i...

Johann Scholtz

Credit Agricole Posts Strong 3Q, but Credit Losses Below Midcycle Levels Reduce Earnings Quality

Credit Agricole SA reported net income of EUR 1.1 billion for the third quarter, virtually the same as it did in the corresponding period last year. However, the corresponding quarter was inflated by nonrecurring income of around EUR 100 million, so underlying growth was therefore stronger at around 17%. We maintain our fair value estimate of EUR 11 as well as our no-moat rating. Credit Agricole recorded decent revenue growth of 6% year on year, somewhat inflated by the first-time inclusion of t...

Jean-Christophe Dourret

Credit Agricole : Crédit Agricole - 9 Nov 2018

...

Jean-Christophe Dourret

Crédit Agricole : Crédit Agricole - 9 nov 2018

...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2018

A few weeks after the French government officially mandated advisers to work on EDF’s “architecture”, we provide an update on the main scenarios and their financial consequences. Our status-quo approach gives a valuation of between € 18.0 (+20%) and € 19.2 (+28%), depending on the outcome of the Multiannual Energy Plan (MEP). Under alternative scenarios, with total regulation of the nuclear sector or segregation of nuclear power, our valuation ranges from € 22.5 (+50%) to € 24.0 (+71%...

Moody's: Credit Agricole will continue to develop its Italian franchise amid political tensions

Groupe Credit Agricole's long-term development in Italy is not fundamentally challenged by rising political tensions that have pushed Italian bond yields sharply higher, says Moody's Investors Service in a report published today. The report, "Credit Agricole S.A.; Current politica...

[MIS] クレディ・アグリコル S.A.: 格付見通しのポジティブへの変更に伴うアップデート

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.: Update following change of outlook to positive

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

Carine Maciol

Credit Agricole : Compelling strategy and solid fundamentals – Reaffirming our Buy recommendation.

>Strengths/Opportunities - - Crédit Agricole is the European leader in bancassurance and the leading asset management group. It is the largest life insurer in France and boasts genuine development capacities in non-life insurance. In French retail banking, Crédit Agricole's distribution capacity is strong, with more than 9,000 branches serving 27 million retail customers (52 million worldwide). At end-2017 its market shares stood at 23.2% in loans and 24.4% in deposit...

Carine Maciol

Crédit Agricole : Une stratégie pertinente et des bases solides – Achat confirmé.

>Forces /Opportunités - - En Europe, Crédit Agricole est le premier bancassureur et premier gestionnaire d’actifs. En France, c’est le premier assureur vie et il présente de véritables capacités de développement en non vie. Dans la banque de détail en France, Crédit Agricole dispose d’une forte capacité de distribution, avec plus de 9000 agences qui servent 27 millions de clients particuliers (52 millions dans le monde). Ses parts de marchés sont de 23.2% dans les dép...

Johann Scholtz

Morningstar | Credit Agricole Posts Strong 3Q, but Credit Losses Below Midcycle Levels Reduce Earnings Quality

Credit Agricole SA reported net income of EUR 1.1 billion for the third quarter, virtually the same as it did in the corresponding period last year. However, the corresponding quarter was inflated by nonrecurring income of around EUR 100 million, so underlying growth was therefore stronger at around 17%. We maintain our fair value estimate of EUR 11 as well as our no-moat rating. Credit Agricole recorded decent revenue growth of 6% year on year, somewhat inflated by the first-time inclusion of the acquired Italian banks. Revenue from insurance activities was especially strong. Corporate and i...

Johann Scholtz

Credit Agricole Posts Strong 3Q, but Credit Losses Below Midcycle Levels Reduce Earnings Quality

Credit Agricole SA reported net income of EUR 1.1 billion for the third quarter, virtually the same as it did in the corresponding period last year. However, the corresponding quarter was inflated by nonrecurring income of around EUR 100 million, so underlying growth was therefore stronger at around 17%. We maintain our fair value estimate of EUR 11 as well as our no-moat rating. Credit Agricole recorded decent revenue growth of 6% year on year, somewhat inflated by the first-time inclusion of t...

Jean-Christophe Dourret

Credit Agricole : Crédit Agricole - 9 Nov 2018

...

Jean-Christophe Dourret

Crédit Agricole : Crédit Agricole - 9 nov 2018

...

Jean Sassus ...
  • Steven Gould

Credit Agricole : Q3 2018 results – Provisions set to remain low for some time to come

>Provisions boost results - Crédit Agricole SA posted Q3 2018 results ahead of expectations:Reported net profit = € 1.101bn vs consensus = € 1.056bn (+4.3%). Underlying net profit +7.3% ahead of expectations.Reported operating profit = € 1.585bn vs consensus = € 1.556bn (+1.9%) but +5.6% vs consensus for the operating units alone (excl. Corporate Center).The lion’s share of the performance comes from provision writebacks on the Corporate Financing divis...

A director sold 4,925 shares at 15.203EUR and

A director at Credit Agricole sold 4,925 shares at 15.203EUR and the significance rating of the trade was 56/100. 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...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2018

A few weeks after the French government officially mandated advisers to work on EDF’s “architecture”, we provide an update on the main scenarios and their financial consequences. Our status-quo approach gives a valuation of between € 18.0 (+20%) and € 19.2 (+28%), depending on the outcome of the Multiannual Energy Plan (MEP). Under alternative scenarios, with total regulation of the nuclear sector or segregation of nuclear power, our valuation ranges from € 22.5 (+50%) to € 24.0 (+71%...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2018

Quelques semaines après que l’Etat ait officiellement mandaté des conseils pour travailler sur « l’architecture d’EDF », nous revenons sur les principales hypothèses d’évolution et leurs conséquences financières. Notre approche statu quo nous amène à une valorisation du titre entre 18.0 € (+20%) et 19.2 € (+28%), en fonction de la PPE, tandis que les hypothèses alternatives, avec régulation totale du nucléaire ou sanctuarisation du nucléaire, la porterait entre 22.5 € (+50%) et 24.0 €...

Bruno Cavalier ...
  • Christophe-Raphaël Ganet
  • Jean Sassus
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/08/2018

...

Bruno Cavalier ...
  • Christophe-Raphaël Ganet
  • Jean Sassus
  • Khaled Ben Amor
  • Laurence Hofmann
  • Louis Boujard
  • Olfa Taamallah
  • Philippe Ourpatian
  • Pierre Tegner
  • Steven Gould
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/10/2018

...

Ibrahim Firdaus

Credit Agricole

Ibrahim Firdaus

Credit Agricole

With a more favourable environment, CREDIT AGRICOLE SA improves to Slightly Positive

CREDIT AGRICOLE SA (FR), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 4 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date September 21, 2018, the closing price was EUR 12.99 and its potential was estimated at EUR 13.64.

Ibrahim Firdaus

Credit Agricole

Ibrahim Firdaus

Credit Agricole

null

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...

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.

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.

Valérie GASTALDY

Analyse moyen terme - CREDIT AGRICOLE : La tendance est incertaine.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch