Credit Agricole SA header image

Credit Agricole SA

ACA

Equity

ISIN FR0000045072 / Valor 1336531

Euronext - Euronext Paris (2025-03-14)
EUR 16.34+1.15%

Credit Agricole SA
UMushroom community rating:

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About company

Credit Agricole SA is a leading financial institution that has evolved over the years through strategic acquisitions and partnerships to become a diversified banking group. With a strong focus on retail banking, investment banking, consumer credit, and asset management, Credit Agricole has expanded its business lines to cater to a wide range of clients. Established in 1920 as the Office National du Crédit Agricole, the company has grown to become a key player in the financial sector, with subsidiaries like Amundi leading the way in asset management. Through its history, Credit Agricole has adapted to various challenges and market demands, establishing itself as a prominent player in the global financial landscape.

Summarized from source with an LLMView SourceSector: Finance

Latest Results (17.12.2024):

Revenue Growth

In the third quarter of 2024, Credit Agricole SA reported a revenue increase of +1.8%, driven by strong performance in the Asset Gathering division and the integration of Degroof Petercam. The Large Customers division also contributed significantly with high revenue levels across all business lines, including the integration of ISB. However, the International Retail Banking and Specialised Financial Services divisions experienced a slight decline in revenues due to lower interest rates.

Operating Expenses

Credit Agricole SA's underlying operating expenses rose by +5.5% in Q3 2024, reaching €5,556 million. This increase was attributed to scope effects, tax base effects, and investments in business line development. Consequently, the Group's underlying cost/income ratio increased moderately by +0.8 percentage points to 60.3% during the quarter.

Net Income

For the third quarter of 2024, Credit Agricole SA's underlying net income Group share was €2,100 million, marking a +1.5% increase compared to the same period in 2023. This growth was supported by a +2.0% rise in underlying net income before non-controlling interests, which reached €2,317 million.

Cost of Risk

The underlying cost of credit risk for Credit Agricole SA in Q3 2024 was -€801 million, reflecting a +15.6% year-on-year increase. This was primarily due to an increase in defaults in the corporate market and additional provisioning for specific corporate files. The cost of risk/outstandings reached 27 basis points on an annualized quarterly basis.

Outlook

Credit Agricole SA maintained its economic scenarios for the third quarter of 2024, with a favorable scenario projecting French GDP growth of +1.2% in 2024 and +1.5% in 2025, and an unfavorable scenario forecasting a contraction of -0.2% in 2024 and growth of +0.5% in 2025. The Group continues to focus on prudent risk management and business development to sustain its financial performance.

Summarized from source with an LLMView Source

Key figures

25.3%1Y
62.4%3Y
153%5Y

Performance

19.6%1Y
25.3%3Y
33.3%5Y

Volatility

Market cap

41813 M

Market cap (USD)

Daily traded volume (Shares)

6,065,799

Daily traded volume (Shares)

1 day high/low

13.38 / 13.215

1 day high/low (USD)

52 weeks high/low

0.00 / 0.00

52 weeks high/low (USD)

Dividend ex-date

01 January, 2022

Dividend ex-date

Dividend

0.00

Dividend (USD)

Dividend yield (p.a.)

0.00%

Dividend yield (p.a.)

0.002022
0.002023
0.002024

Est dividend (USD)

0.00%2022
0.00%2023
0.00%2024

Est dividend yield

P/E ratio

10.00

P/E ratio

00.002022
00.002023
00.002024

Est P/E ratio

EPS

0.00

EPS (USD)

0.002022
0.002023
0.002024

Est EPS (USD)

Ratings & reviews

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4.00

1 votes
Performance:
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5.00
Innovation:
starstarstarstarstar
3.00
Society:
starstarstarstarstar
5.00
Nature:
starstarstarstarstar
4.00
Diana Costa
Switzerland, 04 Mar 2025
star star star star star
Chance für Neues, immer gut mit 1,2,3 Bank zusammenarbeiten.. Sicherheit geht vor;)

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