|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||5.50 - 5.61|
|52 Week Range||5.11 - 7.61|
|Beta (3Y Monthly)||1.20|
|PE Ratio (TTM)||8.22|
|Forward Dividend & Yield||0.39 (5.68%)|
|1y Target Est||N/A|
The levy, kept at zero for over a decade, will be introduced on foreign-currency sellers, according to a presidential decision published on Wednesday in the Official Gazette. It won’t apply to the interbank market and credit transactions. The average trading volume in the local foreign-exchange spot market was $3.6 billion in April, according to central bank data.
Credit Agricole reported a bigger-than-expected fall in first-quarter net profit after an increase of costs eclipsed higher profits at its French retail bank and corporate and investment banking arm. The bank said on Wednesday costs during the first quarter rose, most notably because of a higher contribution to the EU's Single Resolution Fund (SRF) and accounting changes. Net profit fell 11% profit to 763 million euros (662.26 million pounds), missing the 789 million euros forecast in a poll of analysts by Infront Data.
Credit Agricole SA posted bigger-than-expected declines in profit and revenue in the first quarter as weakness at its key Italian business overshadowed resilient trading income. Underlying revenue in Italy, Credit Agricole’s second-biggest retail market, declined 3.9% as volatile markets weighed on fees. Chief Executive Officer Philippe Brassac has targeted consumer banking in the country as an area of growth as he reorganized the bank’s structure over the past four years and sold less strategic holdings.
European stocks traded mixed Wednesday as markets tried to rebound from a sell-off Monday resulting from China's announcement of retaliatory tariffs on U.S. imports.
Crédit Agricole’s profits came in below expectations in the first quarter, despite a better than forecast performance in its investment banking arm, sending shares down as investors turned their eyes towards a strategy update due in June. The French mutual bank saw shares in its listed vehicle fall close to 3.6 per cent by midday in Paris on Wednesday after it reported net profit of €763m, below a consensus estimate of €820m and 10.9 per cent down on the same period last year. The miss by Crédit Agricole was, said analysts at Citi, “mainly due to higher costs and higher taxes, with revenues broadly in-line and better provisions”.
The Philippine economy grew at the slowest pace in four years in the first quarter, increasing the likelihood the central bank will cut interest rates on Thursday. Growth slowed from 6.3% in the previous quarter, as delays in passing the budget this year stalled government spending. The economy would’ve expanded as much as 6.6% if the budget wasn’t delayed, he said The growth slowdown gives the central bank more reason to cut interest rates on Thursday after 175 basis points of hikes in 2018.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! In 2015 Philippe Brassac was appointed CEO of Crédit Agricole S.A. (EPA:ACA). First, this...
France's Credit Agricole and Spain's Santander plan to combine their custody and asset servicing operations, in a deal that could point the way for European banks to achieve scale without the complexity of a full merger. The new business will have around $3.8 trillion (£2.9 trillion) of assets under custody, closing the gap on European leaders and providing scope for savings and cost reductions. Credit Agricole will own 69.5 percent of the merged unit, which will keep the brand name of Agricole's existing asset management arm - Caceis.
Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! Buying a low-cost index fund will get you the average market return. But if you invest in individual stocks, some are li...
Though large banks, like the €32b market cap Crédit Agricole S.A. (EPA:ACA), may have a “too big to fail” aura, we have recently observed international banks defaulting and undergoing debtRead More...
Announcement: Moody's announces completion of a periodic review of ratings of FCA Bank S.p.A. Paris, March 13, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of FCA Bank S.p.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
A corporate insolvency notice for the company was filed in the London Gazette on Thursday, less than two months after it announced the appointment of former French central bank chief Christian Noyer to the board. SETL was founded in 2015 to bring to the financial-services industry a form of blockchain technology, the ledger tool that was first created to facilitate Bitcoin transactions.
Credit Agricole beat fourth quarter net profit expectations and achieved its profit goals a year ahead of target, sending shares in the French bank higher. It outperformed rivals BNP Paribas and Societe Generale, both of which lowered their targets. "The strong growth of underlying net income was achieved despite a much less favourable environment," Chief Executive Philippe Brassac said.
French bank Credit Agricole SA replaced three senior bankers at its investment and markets arms, shortly before reporting its fourth quarter earnings. Credit Agricole appointed Didier Gaffinel as new head of global coverage and investment banking, Laurent Chenain as new head of global international trade and transaction banking and Pierre Gay as its new head of global capital markets. Gaffinel's job is a newly created position, Chenain replaces Thierry Simon, who went to oversee the Middle East and Africa region and Gay replaces Isabelle Girolami who was promoted in September.
Want to participate in a short research study? Help shape the future of investing tools and receive a $60 prize! The big shareholder groups in Crédit Agricole S.A. (EPA:ACA) have Read More...