Credit Agricole : Record Q1 earnings driven by higher revenues and control of costs
>Revenue growth of 11% - Crédit Agricole SA released higher than expected Q1 2024 earnings on Friday. Revenues came to € 6,806m (+11.2% reported, +10.5% underlying), 5.2% above the consensus and 5.7% above our estimates, with revenues that were better than expected in large customers, international retail banking and insurance, but slightly weaker than anticipated in SFS and retail banking in France. In French retail banking, revenues were 3% below the consensus, with...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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