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Crédit Agricole : T2 2019 : levier opérationnel vs simplification de la structure

>Opérationnel : les hypothèses du BP déjà mises à l’épreuve par les taux - CASA publie des chiffres au T2 2019 légèrement supérieurs aux attentes :(RN publié = 1.22 Md€, +3% vs consensus / -15% YoY) avec : 1/ un résultat d’exploitation des unités opérationnelles à 2.0 Md€ (+2% vs consensus / +4% YoY) mais 2/ un levier opérationnel marginalement négatif (revenus +1.1% vs coûts +1.3%).Le trimestre est marqué par :(+) un CdR maintenu à un niveau bas (25pb vs g...
Underlying
CREDIT AGRICOLE SA

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.

Provider
Oddo BHF
Oddo BHF

​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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