CASA released this morning its Q1 17 numbers. The top-line was better than expected with total revenues of €4.7bn, +3% above consensus and 5% higher than our expectations. Total expenses of €3.23bn were therefore 2.5% above consensus (in line with our expectations). Loan losses of €359m were €50m lower than expectations and €196m lower than our expectations. Profit before tax (and equity associates) at €1.113bn was therefore 10% above consensus. The CET1 ratio wa
11 May 2017
A strong set of results
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A strong set of results
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
11 May 2017 -
Author:
Farhad Moshiri -
Pages:
3
CASA released this morning its Q1 17 numbers. The top-line was better than expected with total revenues of €4.7bn, +3% above consensus and 5% higher than our expectations. Total expenses of €3.23bn were therefore 2.5% above consensus (in line with our expectations). Loan losses of €359m were €50m lower than expectations and €196m lower than our expectations. Profit before tax (and equity associates) at €1.113bn was therefore 10% above consensus. The CET1 ratio wa