Credit Agricole SA (CASA) released this morning its numbers for Q4 19. Revenues were above expectations thanks to a good quarter from the insurance division and the CIB (as expected following peers’ releases). Driven mechanically by the insurance and the CIB divisions, total expenses were higher than expected. The CET1 ratio was a bit better than expected (DPS in line). Management confirmed the 2020-22 guidance even if we expect more granularity for 2020 to update our EPS.
14 Feb 2020
More guidance needed
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More guidance needed
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
14 Feb 2020 -
Author:
Farhad Moshiri -
Pages:
2
Credit Agricole SA (CASA) released this morning its numbers for Q4 19. Revenues were above expectations thanks to a good quarter from the insurance division and the CIB (as expected following peers’ releases). Driven mechanically by the insurance and the CIB divisions, total expenses were higher than expected. The CET1 ratio was a bit better than expected (DPS in line). Management confirmed the 2020-22 guidance even if we expect more granularity for 2020 to update our EPS.