Last month's Q2 15 earnings release came with an intriguing statement regarding the ECB's position on Credit Agricole Group's reorganisation. One month later it looks like the market has not yet taken in this news as the share price sticks at the €12 level. The new organisational objective was to move CA Group's central body from CASA to a structure owned by the Caisses régionales and there were then rumours of compensation of around €4bn (between €3bn and €5bn) for
15 Sep 2015
Downgrading the target price due to lack of visibility on capital and governance
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Downgrading the target price due to lack of visibility on capital and governance
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
15 Sep 2015 -
Author:
Farhad Moshiri -
Pages:
2
Last month's Q2 15 earnings release came with an intriguing statement regarding the ECB's position on Credit Agricole Group's reorganisation. One month later it looks like the market has not yet taken in this news as the share price sticks at the €12 level. The new organisational objective was to move CA Group's central body from CASA to a structure owned by the Caisses régionales and there were then rumours of compensation of around €4bn (between €3bn and €5bn) for