Credit Agricole: A Conservative Outlook To Overlook

RobsonPL As experts in EU banks, we have always held Crédit Agricole (OTCPK:CRARF) in high regard. Following our last update, Crédit Agricole reached our stock price of €13.1 per share. Two years ago, the company released an 'Ambitions 2025' plan; however, we believe Crédit Agricole estimated a prudent growth rate hypothesis and a conservative cost of risk, 3m EURIBOR +1.25% and 40 bases, respectively. For this reason, we were humbly above the company's future estimates and confirmed our overweight rating s ...