CRCAM Nord France : Earnings recovery prospects largely priced in
After a break in 2018, the outlook for renewed dividend growth is underpinned by: 1/ strong solvency (CET1 = 21.9%) with capital generation set to outpace growth in RWA; and 2/ the expected recovery in earnings thanks to reduced margin pressures. Our target price of € 32.4 is derived from a DDM and the minimal (10%) probability of success for the legal action regarding the CCI. - >Revenue recovery on the cards - CRCAM NdF has been hit by loan renegotiations and more b...Caisse Regionale de Credit Agricole Mutuel Nord de France is a local retail bank. Co. provides a range of banking and financial products and services to individuals, farmers, professionals, businesses and local authorities. Co. provides a full range of banking and financial services: mutual funds (money market, bonds, equity), life insurance, lending (particularly mortgage loans and consumer finance) and payment systems. In addition to life insurance, Co. provides a range of property and casualty and death and disability insurance. In addition, Co. is involved in brokerage activities in Belgium. Co.'s total assets was Euro25,831,619,000 as of Dec 31 2010.
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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