Credit Agricole SA (CRARY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a ...

Press release                                                                                                         Paris, April 8, 2025 Availability of the Credit Agricole Assurances Group’s Solvency and Financial Condition Report for the financial year 2024 Crédit Agricole Assurances announced today the release of its Group Solvency and Financial Condition Report (SFCR) for the financial year 2024. The SFCR was established in accordance with Solvency II regulations. It takes account in particular of th ...

Group 1 - Crédit Agricole S.A. (CASA) has shown resilience despite a lack of sensitivity to interest rates in recent years [1] - The bank has underperformed compared to the wider European financial sector [1] Group 2 - The investment approach favored is long-term, buy-and-hold, focusing on stocks that can sustainably generate high-quality earnings [1]

Financial Data and Key Metrics Changes - The company reported a net profit that is 20% above the initial target for 2025, with a return on tangible equity (ROTE) of 14%, which is 2 percentage points above the target [5][47] - The cost/income ratio improved significantly, remaining below the ceiling set at 58% [5][47] - Overall, all financial indicators showed an increase, including revenues, gross operating income, and net profit for both the quarterly and full-year results [51] Business Line Data and Key Metrics Changes - Retail banking activities saw a strong rebound, particularly in home loan production, which increased by 18% compared to Q4 2023 [10][54] - The insurance segment achieved a record level of net premium income of EUR 43.6 billion for the full year [13][56] - Asset management, represented by Amundi, reported net inflows of EUR 55 billion and total assets under management of EUR 2.24 trillion [13][56] - The Specialized Financial Services division experienced a revenue increase of EUR 35 million, marking the first growth in 2024 [16] Market Data and Key Metrics Changes - The company reported a stable deposit mix in France, which is crucial for improving the net interest margin in the future [54] - The corporate center saw a sharp increase in revenues, driven partly by a higher valuation of Banco BPM shares [60] Company Strategy and Development Direction - The company is focused on transitioning towards financing renewables and low-carbon energy sources, with a significant shift in financing from fossil fuels to low-carbon energy [36][81] - The company aims to continue increasing market shares across various business lines, with a reported addition of 1.9 million new customers in retail banking annually [38][82] - The company is also exploring inorganic growth opportunities through strategic acquisitions, which are expected to contribute approximately EUR 4.5 billion in revenues by 2025 [84] Management's Comments on Operating Environment and Future Outlook - Management indicated that while there are both tailwinds and headwinds expected in 2025, they believe they can maintain performance similar to 2024 on a structural basis [98] - The company is in a transition period with a new CEO expected to take charge in mid-May, and a new medium-term plan is anticipated to be presented in Q4 2025 [95][96] - There are no signs of asset quality deterioration in France, despite some sectors being sensitive [112] Other Important Information - The solvency ratio remains strong at 11.7%, above the target of 11% [72] - The liquidity coverage ratio (LCR) is significantly above the target at 131% for Crédit Agricole S and 127% for the group [78] Q&A Session Summary Question: Are you reviewing your guidance up? - The company is in a transition period with a new CEO starting in mid-May, and a new medium-term plan will be developed, but no immediate updates on guidance are expected [95][96] Question: Is there a structural shift in ROTE? - The company is targeting a return on tangible equity above 12% for 2025, and they are well positioned regarding ROTE, but this will be part of the new medium-term plan [97][100] Question: What is the focus with excess capital? - The company is considering various opportunities, including bolt-on acquisitions and larger deals, but specifics will be outlined in the new medium-term plan [109] Question: Is there a risk of asset quality deterioration in France? - Management indicated that there are no signs of overall asset quality deterioration, although some sectors remain sensitive [112]

CONTINUED STRONG EARNINGS MOMENTUM IN 2024   CASA AND CAG STATED AND UNDERLYING DATA Q4-2024               CRÉDIT AGRICOLE S.A.   CRÉDIT AGRICOLE GROUP     Stated   Underlying     Stated   Underlying Revenues   €7,092m+17.4% Q4/Q4   €7,116m+18.2% Q4/Q4     €9,817m+11.9% Q4/Q4   €9,840m+13.4% Q4/Q4 Expenses   -€3,917m+5.6% Q4/Q4   -€3,878m+4.4% Q4/Q4     -€5,863m+3.2% Q4/Q4   -€5,824m+2.4% Q4/Q4 Gross Operating Income   €3,175m+36.2% Q4/Q4   €3,238m+40.4% Q4/Q4 ...

Massy – January 27th, 2025 Crédit Agricole Personal Finance & Mobilityfinalizes the GAC Leasing equity project to support the growth of GAC Group’s electric vehicle sales in China CA Personal Finance & Mobility finalizes the planned acquisition of 50% of the equity interests of GAC Finance Leasing Co. Ltd. (GAC Leasing), which becomes Guangzhou GAC-Sofinco Finance Leasing Co Ltd (GAC-Sofinco Leasing), the leasing company of one of the largest Chinese manufacturers Guangzhou Automobile Group Co., Ltd. (GAC G ...

The company discussed in this article is only one potential investment in the sector. Members of iREIT on Alpha get access to investment ideas with upsides that I view as significantly higher/better than this one. Consider subscribing and learning more here.Analyst’s Disclosure: I/we have a beneficial long position in the shares of CRARY, BNPQF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it ...

Press Release Montrouge, 19 December 2024 Crédit Agricole S.A. has signed an agreement for the acquisition of Santander’s 30.5% stake in CACEIS, its asset services provider, aiming to bring its ownership to 100% Crédit Agricole S.A. and Santander have entered into an agreement for the acquisition by Crédit Agricole S.A. of Santander’s 30.5% stake in CACEIS, its asset servicing provider. Following the envisaged transaction, Crédit Agricole S.A. will control 100% of the share capital of CACEIS. Crédit Agricol ...

Press Release Montrouge, 17 December 2024 APPOINTMENTOlivier Gavalda appointed Chief Executive Officer of Crédit Agricole S.A. Met on 17 December 2024, the Board of Directors of Crédit Agricole S.A., chaired by Dominique Lefebvre, and on the basis of the opinion of the Appointments and Corporate Governance Committee, has appointed Olivier Gavalda as Chief Executive Officer of Crédit Agricole S.A. He will take up his position following the General Shareholders’ Meeting of 14 May 2025.The transition within t ...

Montrouge, 11th December 2024 Capital: notification of the level of Pillar 2 additional requirement The European Central Bank (ECB) has notified Crédit Agricole Group and Crédit Agricole S.A. of their capital requirements in respect of Pillar 2 (P2R) applicable as of 1st January 2025, i.e. 1.80% for Crédit Agricole Group and 1.65% for Crédit Agricole S.A. Crédit Agricole Group must comply with a CET1 ratio of at least 9.8% as from 1st January 2025, including Pillar 1 and Pillar 2 capital requirements as wel ...