Credit Agricole SA

ACA: XPAR (FRA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Credit Agricole Earnings: Healthy Revenue Growth Continues to Reflect Lower French Retail Exposure

Johann Scholtz

Nov 10, 2023

No-moat Credit Agricole posted a 29% year-on-year increase in attributable net income for the third quarter of 2023; earnings also came in 28% ahead of the company-compiled consensus estimate. Credit Agricole has more minor exposure to French retail banking than its listed French peers. As such, its results suffered less from the regulated nature of French mortgage and deposit interest rates, which has constrained the revenue growth of its peers.

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Credit Agricole SA

Credit Agricole Earnings: Healthy Revenue Growth Continues to Reflect Lower French Retail Exposure

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