Crédit Agricole

Q4: miss on insurance, opex; FY 23 well on track towards 2025 targets

09/02/24 -"CASA posted mixed results in Q4, shadowing slightly the good FY 23 performance. The miss was driven by insurance and IRB, as well as opex inflation, all more than offset by the lower cost of risk ..."

PDF page sample
Pages
66
Language
English
Published on
09/02/24
Download
You may also be interested by these reports :
05/10/26
French banks are trading as sovereign proxies again as French 5y CDS jumped from 33bp to 80bp since early September. We cut TPs 12–15%, raising cost ...
02/10/26
We have downgraded our TP on SG following an update of our risk perception on French banks as a result of the deterioration in France sovereign ...
02/10/26
We have downgraded our TP on CASA following an update of our risk perception on French banks following the deterioration in French sovereign credit ...
02/10/26
We have updated our view on BNP, revising our estimates after Q2 publication, downgrading our forecasts over 2027-2028, accounting for deteriorating ...

EXECUTIVE SUMMARY

Updates Pension Risks
Target & Opinion Governance & Management
Business & Trends Graphics : Momentum
Money Making Graphics : MACD & Volumes
Debt Graphics : Sensitivities
Valuation Sector: Performance
DCF Sector: Key data
NAV/SOTP Sector: Ratios & Valorisation
Worth knowing Sector: Peers
Financials Sector: Analysis

CONFLICTS OF INTEREST

AlphaValue does not have nor seek any business with companies covered in AlphaValue Research paid by subscription. As a result, investors can be confident that there is no conflict of interest that could affect the objectivity of AlphaValue Research.

Corporate broking NO
Trading in corporate shares NO
Analyst ownership NO
Advising of corporate (strategy, marketing, debt, etc) NO
Research paid for by corporate NO
Provision of corporate access paid for by corporate NO
Link between and a banking entity NO
Brokerage activity at AlphaValue NO