Credit Agricole : Strong momentum in AM, insurance and retail banking
>Revenues ahead of forecasts and very positive jaws - Crédit Agricole SA reported Q2 2021 results yesterday morning. Group revenues grew by 18.8% to € 5.82bn, 9% above the consensus forecast (€ 5.33bn). Revenues notably beat expectations in: 1/ AM (Amundi had already reported strong Q2 net profit, with vigorous growth in fee income and record performance fees); 2/ insurance, with brisk business growth in P&C insurance (+10%) and high inflows into unit-linked contract...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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