Credit Agricole : A solid Q2 2020 overall
>Fairly reassuring performance at the operating/balance sheet level in the absence of clear guidance - Crédit Agricole SA (CASA) reported a broadly solid set of Q2 2020 results at the underlying level, confirming the favourable trend in operating jaws (revenues – costs) and therefore the capacity to absorb the cost of risk. Reported net profit came in well ahead of expectations at € 954m, +37% vs the consensus, -22% y-o-y) despite the high level of the cost of r...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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