Credit Agricole : Net income expected to be robust in Q2, down vs a very high base of comparison
>Expected 7% fall in revenues - Crédit Agricole SA is set to release its Q2 2023 earnings on 4 August. We expect revenues of € 5,891m, down 6.9% vs a very lofty base in Q2 2022 with very significant revenues in large customers. Our forecast is close to the consensus (€ 5,911m). By business line, we expect: 1/ an increase of 2.0% in revenues in asset gathering, with notably a 6% decrease in insurance, affected by the move to the new IFRS 17 standards, and growth in 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.
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