CASA released this morning its numbers for Q3 17. Total income at €4.57bn was 3% below expectations and 3.5% below our expectations due to lower than expected numbers in both the asset gathering and CIB divisions. Total expenses were roughly in line with expectations and ours. The CET1 ratio at 12% is 35bp higher qoq and -40bp on a reported basis (as the CET1 ratio was impacted by the acquisition of Pioneer in the last two quarters).
08 Nov 2017
CIB and Insurance - points of focus
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CIB and Insurance - points of focus
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
08 Nov 2017 -
Author:
Farhad Moshiri -
Pages:
3
CASA released this morning its numbers for Q3 17. Total income at €4.57bn was 3% below expectations and 3.5% below our expectations due to lower than expected numbers in both the asset gathering and CIB divisions. Total expenses were roughly in line with expectations and ours. The CET1 ratio at 12% is 35bp higher qoq and -40bp on a reported basis (as the CET1 ratio was impacted by the acquisition of Pioneer in the last two quarters).