CASA released its Q1 16 earnings this morning. Total revenues are higher than expectations at €3.8bn versus €3.73bn. Looking deeper into the details, revenues from operating expenses were in line with expectations and were driven by a better than expected CIB. Retail banking, be it French or international retail banking, has therefore strongly disappointed. Expenses are, however, higher than forecasts at €3,176m versus €3,105m. Cost of risk is €40m lower than consensu
12 May 2016
French retail banking increasingly under pressure...
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French retail banking increasingly under pressure...
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
12 May 2016 -
Author:
Farhad Moshiri -
Pages:
3
CASA released its Q1 16 earnings this morning. Total revenues are higher than expectations at €3.8bn versus €3.73bn. Looking deeper into the details, revenues from operating expenses were in line with expectations and were driven by a better than expected CIB. Retail banking, be it French or international retail banking, has therefore strongly disappointed. Expenses are, however, higher than forecasts at €3,176m versus €3,105m. Cost of risk is €40m lower than consensu