Credit Agricole SA (CRARY)
OTHER OTC:CRARY
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Credit Agricole
(OTC:CRARY)
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Rating:70Outperform
Price Target:
$10.00
â–¼(-1.77% Downside)
Action:ReiteratedDate:02/07/26
The score is driven primarily by mixed financial fundamentals—solid profitability and growth but higher leverage and uneven cash flow—offset by attractive valuation (low P/E and strong yield). Technicals are supportive with an established uptrend and neutral momentum, while the latest earnings call adds a positive outlook via synergy-driven guidance despite near-term one-off and mobility/provisioning headwinds.
Positive Factors
Commercial Momentum & Customer Growth
Sustained large-scale customer acquisition and a 15% jump in loan production underpin recurring net interest income, deepen deposit funding and cross-sell opportunities. This expands the franchise, increases lifetime customer value and supports durable revenue growth and market share over multiple years.
Negative Factors
Rising Leverage
A meaningful jump in leverage materially reduces financial flexibility and increases sensitivity to funding stress or rising rates. Higher indebtedness limits capacity for organic investment or returns and can elevate regulatory and rating scrutiny over the medium term if not normalized.
Read all positive and negative factors
Positive Factors
Negative Factors
Commercial Momentum & Customer Growth
Sustained large-scale customer acquisition and a 15% jump in loan production underpin recurring net interest income, deepen deposit funding and cross-sell opportunities. This expands the franchise, increases lifetime customer value and supports durable revenue growth and market share over multiple years.
Read all positive factors
Credit Agricole (CRARY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$57.95B
Dividend Yield6.3%
Average Volume (3M)52.95K
Price to Earnings (P/E)12.9
Beta (1Y)0.40
Revenue Growth-3.47%
EPS Growth15.46%
CountryUS
Employees80,518
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.18
Shares Outstanding6,051,804,700
10 Day Avg. Volume0
30 Day Avg. Volume52,954
Financial Highlights & Ratios
PEG Ratio1.96
Price to Book (P/B)0.68
Price to Sales (P/S)0.80
P/FCF Ratio1.16
Enterprise Value/Market Cap6.93
Enterprise Value/Revenue-92.80
Enterprise Value/Gross Profit-92.80
Enterprise Value/Ebitda-37.47
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.36
Revenue Forecast (FY)$33.44B
Credit Agricole Business Overview & Revenue Model
Company Description
Crédit Agricole S.A. provides retail, corporate, insurance, and investment banking products and services worldwide. It operates through Asset Gathering; Large Customers; Specialised Financial Services; French Retail Banking - LCL; and Internationa...
How the Company Makes Money
Crédit Agricole primarily makes money by earning interest income, charging fees and commissions, collecting insurance premiums and related underwriting income, and generating investment/market-related revenues across its major activities. (1) Reta...
Credit Agricole Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call highlighted robust full‑year commercial and financial performance — record revenues, strong client acquisition, insurance and asset management inflows, solid capital and liquidity metrics, and clear progress on strategic M&A and integration. Most Q4 weaknesses were driven by identifiable one‑offs (Banco BPM first consolidation accounting, Leasys/automotive headwinds, and specific provisions) which management framed as temporary or structural adjustments to support the medium‑term plan. Given the breadth of operational strengths and the management guidance that many negative items should normalize in 2026 while recurring contributions (e.g., Banco BPM) begin, the positives materially outweigh the negatives.Positive Updates
Strong Full-Year Net Income and Profitability
Crédit Agricole Group delivered robust full-year results with CASA net income group share of EUR 7.1 billion (stable vs prior year) and Group net income group share reported at EUR 8.8 billion. Return on tangible equity (ROTE) remained high at 13.5% (13.9% pro forma), supporting the 2028 financial trajectory.
Negative Updates
Q4 Accounting Impact from Banco BPM Consolidation
First-time consolidation of Banco BPM caused a material Q4 P&L impact: ~EUR 607 million P&L effect on consolidation and a EUR 320 million negative equity‑valuation swing in Q4 revenues compared with prior quarter effects. These items depressed Q4 results and led to quarter-on-quarter net income decreases (Q4 net income down ~23.9% for Group and ~39.3% for CASA).
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Full-Year Net Income and Profitability
Crédit Agricole Group delivered robust full-year results with CASA net income group share of EUR 7.1 billion (stable vs prior year) and Group net income group share reported at EUR 8.8 billion. Return on tangible equity (ROTE) remained high at 13.5% (13.9% pro forma), supporting the 2028 financial trajectory.
Read all positive updates
Company Guidance
Management's 2026 guidance is for accelerating commercial momentum, faster integration of recent acquisitions and realization of synergies, with Banco BPM now expected to deliver a recurring ~€100m per quarter (~€400m p.a.), ISB contributing ~€100m in 2026, and wealth-management synergies targeting €150–200m by 2028; they expect the pro‑forma cost/income peak (57.4% in 2025; CASA 55.7%, Group 59.6%) to decline in 2026, ROTE to build on 13.5% (CASA) / 13.9% pro‑forma toward a >14% 2028 objective, and medium‑term CASA cost of risk around 40bps (current cost of risk on outstandings: CASA 35bps, Group 28bps); capital and liquidity remain ample (CASA CET1 target 11% and 11.8% at Dec‑2025, Group CET1 17.4%, liquidity reserves €485bn, 2026 funding plan ~€18bn with ~31% placed by end‑January), and management expects net income to increase versus the restated ~€7.3bn 2025 pro‑forma as one‑offs unwind and mobility/CAPFM recover.Credit Agricole Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
46
Neutral
Cash Flow
58
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 66.08B | 74.47B | 68.33B | 37.61B | 33.07B |
| Gross Profit | 26.26B | 25.33B | 23.45B | 20.65B | 21.40B |
| EBITDA | 11.74B | 11.87B | 10.70B | 8.97B | 9.25B |
| Net Income | 7.07B | 7.09B | 6.35B | 5.31B | 5.84B |
Balance Sheet | |||||
| Total Assets | 2.37T | 2.31T | 2.19T | 2.14T | 2.07T |
| Cash, Cash Equivalents and Short-Term Investments | 579.76B | 829.24B | 598.93B | 654.92B | 640.85B |
| Total Debt | 312.98B | 315.58B | 280.25B | 239.90B | 199.32B |
| Total Liabilities | 2.30T | 2.23T | 2.11T | 2.06T | 2.00T |
| Stockholders Equity | 69.49B | 74.71B | 71.09B | 66.52B | 68.22B |
Cash Flow | |||||
| Free Cash Flow | 45.55B | -16.98B | -37.40B | -495.00M | 10.05B |
| Operating Cash Flow | 46.62B | -15.91B | -36.51B | 594.00M | 10.93B |
| Investing Cash Flow | -4.40B | -1.78B | 9.85B | -5.06B | -838.00M |
| Financing Cash Flow | -4.49B | 9.45B | 16.55B | 1.57B | -1.70B |
Credit Agricole Technical Analysis
Neutral
10.18
Price Trends
10.21
Negative
10.05
Negative
9.77
Negative
Market Momentum
-0.28
Negative
48.88
Neutral
42.53
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRARY, the sentiment is Neutral. The current price of 10.18 is above the 20-day moving average (MA) of 9.46, below the 50-day MA of 10.21, and above the 200-day MA of 9.77, indicating a neutral trend. The MACD of -0.28 indicates Negative momentum. The RSI at 48.88 is Neutral, neither overbought nor oversold. The STOCH value of 42.53 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for CRARY.
Credit Agricole Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $92.84B | 9.08 | 21.64% | 9.77% | 11.82% | 3.41% | |
72 Outperform | $84.40B | 10.18 | 11.88% | 3.11% | 1.79% | 30.93% | |
70 Outperform | $57.95B | 12.86 | 10.37% | 6.30% | -3.47% | 15.46% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
65 Neutral | $81.96B | 10.95 | 12.12% | 3.77% | 2.91% | 33.77% | |
64 Neutral | $75.80B | 12.62 | 9.93% | 3.19% | -20.94% | -18.71% | |
57 Neutral | $103.04B | 10.79 | 9.73% | 2.31% | -2.84% | 25.48% |
* Financial Sector Average
CRARY
Credit Agricole
9.64
0.74
8.38%
ITUB
Itau Unibanco
8.49
3.51
70.31%
LYG
Lloyds Banking
5.22
1.55
42.35%
MFG
Mizuho Financial
8.38
2.94
54.04%
PNC
PNC Financial
209.24
38.45
22.51%
USB
US Bancorp
52.75
11.49
27.85%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.