Credit Agricole : Very good Q2 results and increase in the CET1 ratio
>Strong growth in revenues - Crédit Agricole SA released its Q2 2022 earnings yesterday morning. The group’s revenues were up strongly to € 6,330m (+8.8% reported, with an increase in underlying revenues of 6.2%, with +4.3% excluding the acquisitions of Creval and Lyxor). These revenues are higher than expected (consensus € 5,730m, our estimate € 5,642m) and in particular very high in the large customers segment (strong increase in revenues in financing activities and...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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