Credit Agricole SA (CASA) announced this morning its numbers for 2018 and Q4 18. Total revenues at €4.85bn are roughly in line with expectations (+4.3% yoy). Total expenses were 2% higher (-1.7% yoy). €63m higher expenses in the corporate centre yet mainly drove the miss there. Profit before loan losses at €1.64bn is therefore 5% below expectations but 1.4% when adjusted for the corporate centre. The CET1 ratio at 11.5% is 10bp below expectations. DPS at €0.68 is in line w
14 Feb 2019
Mixed results...
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Mixed results...
Credit Agricole SA (ACA:WBO) | 0 0 0.0% | Mkt Cap: 38,693m
- Published:
14 Feb 2019 -
Author:
Farhad Moshiri -
Pages:
2
Credit Agricole SA (CASA) announced this morning its numbers for 2018 and Q4 18. Total revenues at €4.85bn are roughly in line with expectations (+4.3% yoy). Total expenses were 2% higher (-1.7% yoy). €63m higher expenses in the corporate centre yet mainly drove the miss there. Profit before loan losses at €1.64bn is therefore 5% below expectations but 1.4% when adjusted for the corporate centre. The CET1 ratio at 11.5% is 10bp below expectations. DPS at €0.68 is in line w