Credit Agricole SA
ACA: XPAR (FRA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| X&> | LOCK|n? | LOCK|l$<K^j% |
Credit Agricole Earnings: Weaker Than Expected Due to Higher P&C Claims
No-moat Credit Agricole reported pretax profits of EUR 2.4 billion for the third quarter of 2024, 15% lower than the second quarter and 6% below the company-compiled consensus estimate. Revenue declined by 5% quarter on quarter, which was more than the consensus expected.
