Credit Agricole : Robust results expected in Q3, but a high base of comparison
>Revenues expected to be up 3% - Crédit Agricole SA is due to report its Q3 2024 earnings on 6 November. We expect revenues of € 6,539m (+3.1%) close to (or marginally below) the consensus (€ 6,563m, +3.5%). We notably expect an increase of 15.4% in revenues in asset gathering businesses to € 1,911m (vs consensus € 1,938m, +17.1%), with a very strong increase in wealth management (+50%e) due to the acquisition of Degroof Petercam while revenues should continue to grow...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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