Credit Agricole : Solid net earnings, no great surprise, anticipated in Q3
>Anticipated 7% increase in revenues - Crédit Agricole SA is due to publish its Q3 2023 results on 8 November. We forecast revenues of € 5,972m (+7.3% vs Q3 2022), in line with the consensus (€ 5,992m, +7.7%), despite a more cautious forecast in insurance. By business line, we expect: 1/ a 5.4% increase in revenues in asset gathering (vs +8.6% anticipated by the consensus), with growth of 2.5% in insurance (under IFRS 17), 5.5% in AM (Amundi) and 12.6% in private bank...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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