Credit Agricole : Favourable underlying momentum and risk reduction in Italy
>Strong growth in revenues in Q4 - Crédit Agricole SA reported its Q4 2021 earnings last Thursday. The group’s revenues came to € 5,815m (+10.7%), beating forecasts (consensus € 5,566m, our estimate € 5,693m), with notably higher-than-expected revenues in large customers and good activity in French and international retail banking. Conversely, in asset gathering revenues in insurance activities were lower than expected mainly due to: 1/ the reclassification of La Médi...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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