Credit Agricole : Lower operating income than expected in Q4, but 2023 net income still very strong
>Lower revenues than expected, impacted by natural catastrophes - Crédit Agricole SA reported on Thursday its 2023 net income. Revenues totalled € 6,040m (+1.2%), 2% below the consensus and 3% below our forecast due mainly to revenues below forecasts in insurance, resulting from the cost of natural catastrophes in Q4 (unfavourable impact of € 262m vs Q4 2020). Excluding insurance, for which revenues dropped 47% (including due to the switch to IFRS 17), underlying rev...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.