Credit Agricole : Excellent net income in Q2 2023 and acquisition of Degroof Petercam
>A marked increase in revenue - On Friday, Crédit Agricole SA published its net earnings for Q2 2023. Revenues came in well above forecasts at € 6,676m (vs the consensus at € 5,911m and our forecast of € 5,891m), with a 15.6% increase in underlying revenue to € 6,329m. The difference notably stems from the change of scope in consumer loans (integration of CA Auto Bank, formerly FCA Bank), but we note a good overall performance from all business lines, with: 1/ higher ...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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