Credit Agricole : Revenue growth and a marked decline in the cost of risk anticipated in Q2
>Revenue expected to be up 8.8% - Crédit Agricole SA is due to publish Q2 2021 earnings on 5 August. We forecast an 8.8% increase in revenue in Q2 2021 to € 5,330m (in line with the consensus). This increase in revenue should stem from: 1/ favourable commercial momentum at the retail banking activity in France (increase in fees and loans) with revenue expected to be up 4.7%, 2/ a marked increase in revenue at international activities (+9.7%e), 3/ an anticipated 12.9% ...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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