Credit Agricole : A defensive credit to weather turmoil ahead
Publication date 24/08/2022 18:07 - Writing date 24/08/2022 18:05 - Equity data - Reco : Outperform - Target : 13.20 EUR - Equity Analyst: Benoit Valleaux - - +33 (0)1 55 35 42 75 - - / - / - - - - - - - - - - - - - - - - - - - - By and large, second quarter earnings releases have surpassed analysts' expectations – Crédit Agricole was no exception. Although uncertainty is higher than ever as the summer break draws to an end, we favour this credit for its divers...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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