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Credit Agricole (CRARY)
OTHER OTC:CRARY
Earnings Data
Report Date
Apr 30, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.29Last Year’s EPS
0.28Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 05, 2025
|% Change Since: 8.34%
|Next Earnings Date:Apr 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant achievements such as surpassing profitability targets, strong revenue growth, and increased dividends. However, challenges were noted in the form of increased cost of risk, legal risks, and pressure on net interest margins. The sentiment remains positive due to the major achievements and strategic growth initiatives.Company Guidance
During the recent call, Crédit Agricole delivered impressive guidance for 2024, achieving targets initially set for 2025. Key metrics highlighted include a net profit exceeding the target by 20%, a return on tangible equity surpassing the goal by 2 percentage points, and a cost/income ratio significantly below the 58% ceiling. The company's profitability reached record levels with a return on tangible equity at 14%, the highest for the group. The quarter also saw a 17.4% increase in revenues on a stated basis, driven by robust performance across various segments. The group proposed a cash dividend increase to EUR 1.1, a 5% rise compared to 2023. Despite an apparent increase in the cost of risk, largely due to IFRS 9 provisions, the underlying financial health remains strong with stable nonperforming loan ratios. Additionally, the company's solvency ratio remains solid at 11.7%, above the 11% target, despite Basel 4 implications and recent acquisitions. The group’s liquidity position is robust, with LCR ratios significantly above the 110% target. Looking forward, Crédit Agricole remains focused on capitalizing on securitization opportunities and maintaining its strategic positions, particularly in Italy, while continuing to evaluate bolt-on acquisitions to enhance its market presence.Record Profitability Exceeds Targets
Net profit for 2024 exceeded targets by 20%, with return on tangible equity 2 percentage points above target. Cost/income ratio was below the target ceiling of 58%.
Strong Revenue Growth
Revenues increased by 17.4% on a stated basis and 18.2% on an underlying basis. The annual revenue growth rate over the last 10 years was 6.5%.
Dividend Increase
Proposed increase of the cash dividend to EUR 1.1, a 5% increase compared to the previous year.
Record Activity in Insurance and Asset Management
Insurance activities saw a record level of EUR 43.6 billion in net premium income, Amundi had EUR 55 billion in net inflows and EUR 2.24 trillion in assets under management.
Stable and Strong Capital Position
CET1 ratio at 11.7%, with a high level of retained earnings and a margin above SREP requirements.
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CRARY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRARY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 05, 2025 | $7.55 | $7.65 | +1.32% |
| Nov 06, 2024 | $7.80 | $7.39 | -5.26% |
| Aug 01, 2024 | $7.59 | $7.54 | -0.66% |
| May 03, 2024 | $7.42 | $7.56 | +1.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Credit Agricole (CRARY) report earnings?
Credit Agricole (CRARY) is schdueled to report earning on Apr 30, 2025, TBA Not Confirmed.
What is Credit Agricole (CRARY) earnings time?
Credit Agricole (CRARY) earnings time is at Apr 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRARY EPS forecast?
CRARY EPS forecast for the fiscal quarter 2025 (Q1) is 0.29.
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