Credit Agricole : Good operating performance expected in Q3
>We expect growth in revenues of 3% - Crédit Agricole SA is due to publish its Q3 2021 results on 10 November. We expect revenues of € 5,474m in Q3 2021 (+3.3% vs Q3 2020, -5.9% vs Q2 2021), a shade above the consensus (€ 5,418m, +5.2%). Revenue growth should stem from: 1/ the ongoing good momentum in retail banking in France (growth in fees and lending), with revenues expected to be up 3.0%, 2/ strong growth in international retail banking revenues (+25.1%e), natural...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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