Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Credit Agricole Add to portfolio

N100:ACA, Nov 15, 03:36 UTC

Latest N100:ACA News

Filter your feed

Apply Filter

Wednesday, November 07


News

UPDATE 1-Credit Agricole says it is on track to meet targets after strong Q3

ACA

PARIS, Nov 7 (Reuters) - French bank Credit Agricole is on track to meet all its financial targets after it reported higher profits in the third quarter, its chief executive said on Wednesday. Large European banks such as Credit Agricole are juggling to boost profits while increasingly demanding regulations limit the extent to which they can undertake high-risk activities. Credit Agricole's results came a week after French rival BNP Paribas also posted higher third quarter profits, although BNP Paribas' results also showed some signs of weakness at its investment banking arm. Revenue from Credit Agricole's corporate and investment banking also held up well during the quarter, with an overall 4.4 percent growth in revenues even though its fixed-income, commodity and currency trading arm was hit by adverse market conditions.

Read Full Details

Topics:
  • Business
  • Financial
News

Credit Agricole Boosts Capital as Demand for Financing Rises

ACA

(Bloomberg) -- Credit Agricole SA’s corporate banking and financing operations helped boost earnings at its investment bank for a second straight quarter, driving up the division’s revenue 5 percent. Analysts and investors will probably focus on the quality of the earnings and key metrics including bank’s improved financial strength and efforts on cost after net income and revenue came in near estimates. Chief Executive Philippe Brassac is seeing asset management and retail banking acquisitions pay off, with demand for home loans surging in Italy. The bank’s total revenue rose 6.4 percent in the nine months through September, more than double the minimum pace it targets.The lender has opened the taps to meet business and consumer demand for credit, helping boost growth and compensate for a debt-trading decline in revenue that was in line with competitor BNP Paribas. While the core capital level improved, Credit Agricole is not planning any share buybacks or similar returns, with the priority remaining to deploy funds to grow its businesses organically, Brassac told journalists.Europe’s benchmark STOXX 600 Banks Index has lost about a fifth of its value this year in part because of geopolitical threats from the U.S.-China trade war to Italy’s budget difficulties.

Read Full Details

Topics:
  • Business
  • Financial
News
News

Credit Agricole Q3 profits rise, buoyed by retail and investment banks

ACA

Credit Agricole Q3 profits rise, buoyed by retail and investment banks. Nov 7 (Reuters) - French bank Credit Agricole reported higher third quarter net profits, due to a good performance at its retail and investment banking units. Group net profit rose 3.2 percent to 1.10 billion euros ($1.26 billion). Credit Agricole added that revenues from its retail banks rose 4.3 percent, while revenue from its corporate and investment banking division rose 4.4 percent.

Read Full Details

Topics:
  • Business
  • Financial

Monday, November 05


News

CREDIT AGRICOLE SA : Notice of stabilization transactions MedinCell

ACA

This press release is directed only at (i) persons outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) persons referred to in Article 49(2)(a) to (d) of the Order (high net worth entities, non-registered associations, etc.) and (iv) other persons to whom this document may be lawfully communicated (all persons listed in (i), (ii), (iii) and (iv) above being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this document or any of its contents. Crédit Agricole Corporate and Investment Bank, acting as Stabilization Agent, may, for a period of 30 days following the date of public disclosure of the offering price (i.e., according to the indicative time schedule, to November 2, 2018 inclusive) (but not under any circumstances), in accordance with the applicable laws and regulations, in particular those of Delegated Regulation No 2016/1052 of the European Commission of March 8, 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament European Union and the Council and concerning the conditions applicable to buyback programs and stabilization measures, carry out stabilization operations in order to stabilize or support the price of MedinCell shares on the regulated market of Euronext Paris. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: CREDIT AGRICOLE SA via GlobeNewswireHUG#2224137.

Read Full Details

Topics:
  • Business
  • Financial

Saturday, November 03


News

As Logitech Intl S A (LOGI) Share Price Rose, Shareholder Credit Agricole S A Has Decreased Its Stake

ACA

It is negative, as 15 investors sold LOGI shares while 43 reduced holdings. 56.82 million shares or 13.94% more from 49.87 million shares in 2018Q1 were reported. Credit Agricole S A who had been investing in Logitech Intl S A for a number of months, seems to be less bullish one the $6.29 billion market cap company. Credit Agricole S A, which manages about $1.42B US Long portfolio, upped its stake in Technipfmc Plc by 140,943 shares to 628,027 shares, valued at $19.94 million in 2018Q2, according to the filing.

Read Full Details

Topics:
  • Business
  • Financial

Monday, October 29


News

CREDIT AGRICOLE SA : Notice of stabilization transactions MedinCell

ACA

This press release is directed only at (i) persons outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) persons referred to in Article 49(2)(a) to (d) of the Order (high net worth entities, non-registered associations, etc.) and (iv) other persons to whom this document may be lawfully communicated (all persons listed in (i), (ii), (iii) and (iv) above being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this document or any of its contents. Crédit Agricole Corporate and Investment Bank, acting as Stabilization Agent, may, for a period of 30 days following the date of public disclosure of the offering price (i.e., according to the indicative time schedule, to November 2, 2018 inclusive) (but not under any circumstances), in accordance with the applicable laws and regulations, in particular those of Delegated Regulation No 2016/1052 of the European Commission of March 8, 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament European Union and the Council and concerning the conditions applicable to buyback programs and stabilization measures, carry out stabilization operations in order to stabilize or support the price of MedinCell shares on the regulated market of Euronext Paris. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: CREDIT AGRICOLE SA via GlobeNewswireHUG#2222648.

Read Full Details

Topics:
  • Business
  • Financial

Monday, October 22


News

CREDIT AGRICOLE SA:End of the Deferred Prosecution Agreements entered into with CACIB & US authorities in 2015

ACA

In October 2015, CACIB entered into the Agreements with the USAO and DANY, which had been conducting investigations into certain U.S. dollar transactions CACIB processed between 2003 and 2008 that were subject to U.S. economic sanctions and certain New York state laws (see October 20, 2015, press release entitled "Crédit Agricole confirms that it has reached a settlement with U.S. and New York authorities"). CACIB fully complied with its obligations under the Agreements, which have now expired. Charlotte de Chavagnac + 33 (0)1 57 72 11 17 charlotte.dechavagnac@credit-agricole-sa.frOlivier Tassain + 33 (0)1 43 23 25 41 olivier.tassain@credit-agricole-sa.fr. The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein. Source: CREDIT AGRICOLE SA via GlobeNewswireHUG#2221402.

Read Full Details

Topics:
  • Business
  • Financial
News

CREDIT AGRICOLE SA : S&P upgrades long term credit ratings of Crédit Agricole Group and its subsidiaries

ACA

On Friday 19 October night, the rating agencies S&P Global Ratings announced that teh following rating actions :. The rating agency considers that the refocused, balanced, and diversified businesses combined with disciplined underwriting standards and low risk appetite support overall structural, and not only cyclical, reduced credit losses. An A+ long term rating reflects an entity which is expected to remain resilient even in a less favourable operating environment. The latter will therefore be rated in the investment grade category. For more details about the rationale underlying this rating action, please refer to the Research update issued by S&P Global Ratings on Friday 22 October, « France-Based Credit Agricole And Core Bank And Insurance Subsidiaries Upgraded On Strengthening Risk Profile ». As a reminder, the senior long term rating of Groupe Crédit Agricole, Crédit Agricole S.A. and affiliated entities is A1 at Moody`s and A+ at FitchRatings.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, October 18


News

Logitech Intl S A (LOGI) Share Price Rose While Credit Agricole S A Trimmed Its Position

ACA

Logitech Intl S A (LOGI) Share Price Rose While Credit Agricole S A Trimmed Its Position. 56.82 million shares or 13.94% more from 49.87 million shares in 2018Q1 were reported. Another trade for 60,381 shares valued at $2.42 million was made by Stolk Marcel on Monday, May 7. Credit Agricole S A decreased its stake in Logitech Intl S A (LOGI) by 7.67% based on its latest 2018Q2 regulatory filing with the SEC. It also increased its holding in Technipfmc Plc by 140,943 shares in the quarter, for a total of 628,027 shares, and has risen its stake in Alphabet Inc. Analysts await Logitech International S.A. (NASDAQ:LOGI) to report earnings on October, 22.

Read Full Details

Topics:
  • Business
  • Financial