Credit Agricole : Excellent net income in Q4 and stronger CET1 ratio
>Strong revenue growth - Crédit Agricole SA reported its Q4 2022 results yesterday. Revenues came in at € 5.969bn (+2.7%, with underlying growth of 4.4%), ~5% ahead of expectations. We particularly note excellent revenue growth in asset gathering (+20.5%), driven by stronger revenues than expected in insurance (+51%), thanks also to good commercial momentum with the release of reserves in life insurance against a backdrop of higher rates. Revenues from AM and wealth m...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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