|Bid||8.510 x 50000|
|Ask||0.000 x 226200|
|Day's Range||14.665 - 14.740|
|52 Week Range||11.060 - 15.675|
|PE Ratio (TTM)||13.52|
|Forward Dividend & Yield||0.67 (3.87%)|
|1y Target Est||N/A|
What was considered best avoided in European currencies and bonds a year ago is just what’s topping 2018’s hottest picks.
European stocks declined Wednesday, enduring a second straight loss, as Credit Agricole SA was a decliner among bank shares.
Credit Agricole said its third-quarter net profit recorded a double-digit fall, which had been expected because of a tough comparable during the same period in 2016.
Credit Agricole (CAGR.PA) reported a fall in third-quarter profits as its markets trading and French retail banking arms struggled. France's second-biggest listed bank continued to narrow its business focus over the quarter and tried to woo investors with more acquisitions in Italy - one of its key markets along with France - while selling most of its holding in non-strategic assets in Egypt. Financial market trading was a dark spot for the bank, as has been the case with many of its rivals, with revenue from capital markets dropping 28 percent compared with a year ago, when it was boosted by higher market activity due to Brexit.
Credit Agricole SA’s slump in third-quarter trading revenue rivaled that of Societe Generale SA as the French lender paid for its focus on bond markets.
French bank Credit Agricole's (CAGR.PA) Indosuez Wealth Management arm has agreed to buy a majority stake in Italy's Banca Leonardo, in a deal which it said would add 5.9 billion euros (5.20 billion pounds) to its assets under management. Indosuez Wealth Management said it had reached an agreement with Banca Leonardo's main shareholders - GBH S.p.A., Exor S.A., Eurazeo, Swilux S.A., and Torreal S.A. - to buy 67.7 percent of Banca Leonardo.
Credit Agricole's (CAGR.PA) chief, Philippe Brassac, has expressed interest in Commerzbank (CBKG.DE) if the German lender were to be up for sale, according to an interview with the Handelsblatt newspaper. Brassac was quoted as saying that he would like the French bank to be better positioned in Germany, as it is in Italy. Credit Agricole's strategy plan states that it will focus on organic growth until 2019.
France has launched a public consultation over how financial service regulations can be simplified, the finance ministry said on Monday, stepping up its campaign to lure London bankers after Britain's vote to leave the European Union. Paris is playing catch-up with other EU financial hubs, such as Frankfurt and Dublin, that have already secured job commitments from financial institutions based in London. "(Finance minister) Bruno Le Maire announced the launch of the public consultations aimed at identifying cases where European regulation on financial services is transposed (into French law) too strictly," the statement said.
Credit Agricole Corporate and Investment Bank said Thomas Ragot was promoted to managing director in its power and utilities EMEA team. Ragot has 15 years of experience in project finance, acquisition ...
RIYADH, Saudi Arabia (AP) — The Kingdom Holding Company, run by Saudi billionaire Prince Alwaleed bin Talal, says it will acquire from Credit Agricole a 16.2 percent stake in Banque Saudi Fransi in a deal valued at around $1.5 billion (5.8 billion riyals).
After struggling to find an international buyer, Credit Agricole SA is selling half its stake in Banque Saudi Fransi to billionaire Prince Alwaleed bin Talal at a discount.
Credit Agricole (CRARY) sees solid earnings estimate revisions and looks poised to shock the market, and yet seems overlooked by the investors.
European shares broke their three-day winning streak on Thursday as banks fell following a set of cautious minutes from the U.S. Federal Reserve, and energy stocks also weighed on a busy day for company results. The pan-European STOXX 600 index fell 0.6 percent, while euro zone blue chips declined 0.7 percent.
European equities turned positive after a damp start on Tuesday as strong gains in utilities, auto and energy stocks outweighed losses from Pandora after disappointing results. Investors pointed to strong ...
Maybe it’s a French thing: Credit Agricole SA became the latest Seine-side bank to show trading prowess while securities firms elsewhere stumbled.
Amundi confirmed on Wednesday plans to switch the IT systems of its recently-acquired Pioneer Investments from rival BlackRock's Aladdin platform in a bid to cut costs. "Having your own software is a key driver of efficiency," Amundi's chief executive officer Yves Perrier was quoted as saying by Financal News on Wednesday. BlackRock's Aladdin operating system is used by asset managers to help manage the risk in their portfolios and assist them in trading, data management and other operations.
Rating Action: Moody's upgrades rating in Kigoi 2013 B.V., unsecured Dutch consumer loans ABS. Global Credit Research- 25 Jul 2017. London, 25 July 2017-- Moody's Investors Service has today upgraded the ...
French banks could shift about 1,000 jobs currently based in London to Paris to keep staff in the European Union after Britain exits the EU, said the French Banking Federation. The banking lobby said on Friday that it had told French Finance Minister Bruno Le Maire in a meeting that French banks would "naturally" choose Paris to relocate staff.