Report
Benoit Valleaux ...
  • Steven Gould

Credit Agricole : Revenue and net income ahead of expectations in Q3 2023

>Further strong growth in revenues - Crédit Agricole SA yesterday reported its earnings for Q3 2023. Revenues were € 6,343m (+19.2% vs Q3 2022 adjusted for the move to IFRS 17), around 6% above expectations and with an increase of 13.4% in underlying revenues. The RBC IS activities acquired by CACEIS in the quarter generated € 103.5m in revenues in Q3. In retail banking in France (LCL), the interest margin (excluding PEL regulated saving accounts) increased by 0.7% vs...
Underlying
CREDIT AGRICOLE SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Benoit Valleaux

Steven Gould

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