Crédit Agricole SA (CASA) released this morning its numbers for Q2 20. Numbers are broadly in line with expectations except on the capital side (better than expected). Both total revenues and expenses were in line with expectations. Loan losses were in line with expectations as well, while management did not give any guidance for FY2020. The CET1 ratio at 11.7% was 40bp higher than expected and 30bp higher qoq (12% pro forma state guaranteed loans).
06 Aug 2020
In line Q2 results
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
In line Q2 results
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
06 Aug 2020 -
Author:
Farhad Moshiri -
Pages:
3
Crédit Agricole SA (CASA) released this morning its numbers for Q2 20. Numbers are broadly in line with expectations except on the capital side (better than expected). Both total revenues and expenses were in line with expectations. Loan losses were in line with expectations as well, while management did not give any guidance for FY2020. The CET1 ratio at 11.7% was 40bp higher than expected and 30bp higher qoq (12% pro forma state guaranteed loans).