Credit Agricole SA (CRARY)
OTHER OTC:CRARY
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Credit Agricole
(OTC:CRARY)
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Rating:61Neutral
Price Target:
$10.50
â–²(3.14% Upside)
Action:Downgraded
Date:05/04/26
The score is primarily constrained by weaker financial strength signals (notably rising leverage and historically volatile cash flows) and soft technical positioning below key moving averages. Offsetting these are supportive valuation/income characteristics (moderate P/E and high dividend yield) and a generally positive earnings-call tone with reiterated guidance, strong profitability, and solid capital/liquidity metrics despite elevated risk-cost and SFS/auto-related headwinds.
Positive Factors
Diversified asset-gathering & fee franchise
Scale in insurance and asset management provides durable fee and premium income that smooths cyclicality from rate-sensitive lending. Large AUM and record inflows support recurring management fees, cross-sell opportunities and investment of float, enhancing long-term revenue stability and margin resilience.
Negative Factors
Sharply higher leverage in 2025
A marked increase in leverage reduces balance-sheet flexibility and elevates sensitivity to funding and credit stress. Higher debt ratios magnify earnings volatility under adverse conditions and may necessitate stronger capital generation or asset disposal, constraining strategic optionality over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified asset-gathering & fee franchise
Scale in insurance and asset management provides durable fee and premium income that smooths cyclicality from rate-sensitive lending. Large AUM and record inflows support recurring management fees, cross-sell opportunities and investment of float, enhancing long-term revenue stability and margin resilience.
Read all positive factors
Credit Agricole (CRARY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$59.02B
Dividend Yield6.3%
Average Volume (3M)52.95K
Price to Earnings (P/E)12.9
Beta (1Y)0.46
Revenue Growth-6.66%
EPS Growth10.46%
CountryUS
Employees80,518
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)1.09
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)0.76
Price to Sales (P/S)0.80
P/FCF Ratio1.16
Enterprise Value/Market Cap6.82
Enterprise Value/Revenue-93.00
Enterprise Value/Gross Profit-93.00
Enterprise Value/Ebitda-37.55
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.31
Revenue Forecast (FY)$32.82B
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:Apr 30, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 31, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive operational and financial picture: strong revenue generation at the group level (record EUR 10bn), solid net income and profitability (ROTE 13.7%), robust liquidity and capital headroom, significant customer acquisition and digital progress, and tangible synergy realizations. Offsetting this are higher year‑on‑year cost of risk driven by prudent Stage 1/2 provisioning and overlays (including ~EUR 60m linked to the Middle East), notable weather/nat‑cat claims (>EUR 200m gross), and material near‑term headwinds in Specialized Financial Services and mobility (residual value and used‑car market pressures, ~EUR 30m impact). CET1 marginally declined due to organic growth, methodological effects and the Banco BPM stake increase. Overall, the positives (record revenues, strong client capture, efficiency gains, capital and liquidity comfort) outweigh the cyclical and event‑driven lowlights, though key business sensitivities (automotive remarketing, market volatility and geopolitical provisioning) warrant monitoring.Positive Updates
Strong profitability and net income
Credit Agricole S.A. reported net income of EUR 1.676 billion (≈ EUR 1.7bn) for Q1 2026. Gross operating income increased like‑for‑like by 5.5% and net income growth for the group was reported at +5.5% year‑on‑year (group), while CASA net income rose (like‑for‑like) and was communicated as EUR 1.676m.
Negative Updates
Higher cost of risk year‑on‑year
Cost of risk decreased versus Q4 2025 but increased by ~32% versus Q1 2025, driven mainly by Stage 1 and Stage 2 provisioning (approx. EUR 100 million) tied to scenario updates and overlays.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong profitability and net income
Credit Agricole S.A. reported net income of EUR 1.676 billion (≈ EUR 1.7bn) for Q1 2026. Gross operating income increased like‑for‑like by 5.5% and net income growth for the group was reported at +5.5% year‑on‑year (group), while CASA net income rose (like‑for‑like) and was communicated as EUR 1.676m.
Read all positive updates
Company Guidance
Management reiterated ACT 2028 guidance and kept a constructive near‑term outlook: CASA CET1 target 11% (Q1 CET1 11.4%, down from 11.8%), ROTE 13.7% and strategic flexibility of ~150 bps to 2028 (c.16–17 bps used so far), with CET1 expected to remain comfortable through 2026; LCL net interest income guidance remains high single‑digit for 2026; interim dividend policy is a 50% payout of H1 profit (provision enabling c.€0.26/share); CA Savings Germany total costs expected <€50m in 2026; Leasys is expected to deliver a double‑digit annual equity contribution in 2026 despite Q1 breakeven; Banco BPM stake increased to 22.9% (c.14 bps CET1 impact); liquidity reserves €475bn with LCR/NSFR strong and ~2/3 of the funding plan already completed; transition targets include a 90:10 green‑brown ratio, €240bn transition financing and €1bn annual CACIB sustainable finance revenues.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
Negative
10.18
Price Trends
9.79
Negative
10.15
Negative
9.88
Negative
Market Momentum
-0.02
Positive
44.65
Neutral
6.58
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CRARY, the sentiment is Negative. The current price of 10.18 is above the 20-day moving average (MA) of 9.95, above the 50-day MA of 9.79, and above the 200-day MA of 9.88, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 44.65 is Neutral, neither overbought nor oversold. The STOCH value of 6.58 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $85.82B | 12.15 | 11.98% | 3.11% | 3.47% | 21.52% | |
71 Outperform | $82.97B | 10.39 | 12.22% | 3.77% | 2.43% | 18.20% | |
68 Neutral | $86.67B | 10.47 | 21.64% | 9.77% | 19.64% | 12.10% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $100.07B | 16.50 | 11.34% | 2.31% | 0.35% | 46.04% | |
64 Neutral | $74.17B | 9.28 | 10.75% | 3.19% | -15.15% | 29.78% | |
61 Neutral | $59.02B | 12.86 | 10.37% | 6.30% | -6.66% | 10.46% |
* Financial Sector Average
CRARY
Credit Agricole
9.78
0.22
2.33%
ITUB
Itau Unibanco
7.68
1.59
26.07%
LYG
Lloyds Banking
5.16
1.11
27.41%
MFG
Mizuho Financial
8.69
3.39
63.96%
PNC
PNC Financial
213.27
41.57
24.21%
USB
US Bancorp
53.30
10.70
25.11%
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.