Credit Agricole : Q1 net income expected to be in line with 2023
>Anticipated 5% increase in reported revenue - Crédit Agricole SA is due to publish its Q1 2024 net income on 3 May. We forecast revenue of € 6,437m (+5.2%), a shade below the consensus (€ 6,471m) due to a slightly more cautious forecast in market activities. By business line, we forecast: 1/ a very slight decrease of 0.3% in revenues in asset gathering to €1,739m, with a decrease in insurance revenues (high comparison base) and an increase in revenues in AM and priva...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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