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Credit Agricole (CRARY)
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.23Last Year’s EPS
0.19Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -7.69%
|Next Earnings Date:Aug 03, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong profit growth, robust financial metrics, and successful customer acquisition, countered by challenges in retail banking revenues and increased cost of risk. The overall outlook remains positive, driven by strong performance in asset management and CIB, despite tax uncertainties and insurance revenue volatility.Company Guidance
In the Credit Agricole earnings call for the third quarter of 2024, the company reported a net profit of EUR 1.7 billion for the quarter and EUR 5.4 billion for the first nine months, despite a 4.7% year-on-year decrease due to a prior reversal of Home Purchase Savings Plan provisions. Adjusted for this, net profit actually rose by 8.2%. The cost/income ratio was strong at 54.4%, and return on tangible equity remained high at 14.5%, exceeding the 12% target. The CET1 ratio improved by 10 basis points to 11.7%. The group saw a net profit rise of approximately 4% for the first nine months, with Credit Agricole S.A. showing a 12.2% increase, after adjustments. The cost of risk was stable, with a CET1 ratio of 17.4% for the group. Customer acquisition was strong, with an addition of 500,000 new customers, and the group experienced robust growth in home loans and large customer activities, including a record level of assets under management at Amundi. The company also noted a CET1 ratio increase of 10 basis points to 17.4% at the group level.Strong Profit Growth
Credit Agricole S.A. reported a net profit of EUR 5.4 billion for the first 9 months of 2024, with a Q3 net profit of EUR 1.7 billion. Adjusted for certain provisions, the net profit increased by 8.2% Q3-on-Q3.
Solid Financial Metrics
The cost/income ratio remained strong at 54.4%, return on tangible equity was 14.5%, and the CET1 ratio increased by 10 bps to 11.7%.
Customer Base Expansion
The bank attracted close to 500,000 new customers across its European retail banks, with a net increase of over 100,000 customers in Q3.
Record Performance in Asset Management and CIB
Amundi reached a record level of assets under management, and CACIB posted record-level revenues, contributing significantly to the Large Customers division.
Resilient Insurance Sector
Credit Agricole Assurance reported a net profit increase of 16% in Q3 and 11% for the first 9 months, despite IFRS 17 impacts.
Stable Liquidity and Solvency
The liquidity reserves stood at EUR 466 billion, and the CET1 ratio for the group increased to 17.4%.
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CRARY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRARY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $7.80 | $7.39 | -5.26% |
| Aug 01, 2024 | $7.59 | $7.54 | -0.66% |
| May 03, 2024 | $7.42 | $7.56 | +1.89% |
| Feb 08, 2024 | $6.65 | $6.31 | -5.11% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Credit Agricole (CRARY) report earnings?
Credit Agricole (CRARY) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Credit Agricole (CRARY) earnings time?
Credit Agricole (CRARY) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRARY EPS forecast?
CRARY EPS forecast for the fiscal quarter 2024 (Q4) is 0.23.
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