Credit Agricole SA ADR (CRARY) - OTCPK - Current
  • Wed, Feb. 17, 3:19 AM
    • While posting fourth-quarter earnings that beat estimates, Credit Agricole (OTCPK:CRARY) said it would sell back stakes in more than three-dozen regional banks to provide more "financial flexibility."
    • The €18B ($20B) transaction will increase Credit Agricole's common equity tier 1 ratio to 11%, and will ensure the lender can offer an all-cash dividend.
    • The restructuring highlights the burden on European banks to fortify their balance sheets and improve transparency amid volatile markets and continuing pressure from regulators.
    • Credit Agricole +7.8% in France.
    | Wed, Feb. 17, 3:19 AM
  • Feb. 18, 2015, 6:53 AM
    • Helped by a recovery in its investment banking activities and a sharp reduction in its provisions against loan losses, Credit Agricole (OTCPK:CRARY) today reported quarterly profit that beat market expectations.
    • Net income for Q4 came in at €697M ($795M), up 13% from the same period in 2013.
    • The bank also said it hopes to soon name a successor to its chief executive, Jean-Paul Chifflet, who retires in May. On Sunday, Philippe Brassac was reported to be the main candidate in the running.
    | Feb. 18, 2015, 6:53 AM
  • May 7, 2013, 6:16 AM
    Crédit Agricole (CRARY.PK): Net profit rises 51% Y/Y to €469M. Revenue is in line with estimates at €3.85B (-26% Y/Y). Tier 1 capital falls to 8.5% from 9.2% on transitional regulatory decision. Doubtful loans fall 19%.
    | May 7, 2013, 6:16 AM
  • May 11, 2012, 4:56 AM

    Credit Agricole's (CRARY.PK) Q1 profit fell 75% to €252M ($326M), missing consensus of €482M, after booking €940M of net losses related to Emporiki Bank of Greece SA and Greek bond writedowns.

    | May 11, 2012, 4:56 AM
  • Nov. 10, 2011, 3:31 AM
    Credit Agricole (CRARY.PK): Q3 net profit -65% to €258M ($350M) vs. forecast of €552M. Revenue +6.2% to €5.3B vs. €4.96B forecast. Booked €905M pretax writedown on Greek sovereign debt. Faces more damage from Italy, as it is one of the biggest foreign holders of the country’s sovereign debt. Shares -3.3% in Paris. (PR)
    | Nov. 10, 2011, 3:31 AM
  • Aug. 25, 2011, 2:52 AM

    Credit Agricole's (CRARY.PK) Q2 net profit falls 10.6% to €339M ($488M) but soundly beats forecasts of €193.3M after a lower-than-expected €640M writedown of its Greek operations. The bank affirmed its long-term earnings targets, easing fears of further profit warnings because of Greece. (PR)

    | Aug. 25, 2011, 2:52 AM
Company Description
Currently, there's no company description for CRARY.
Sector: Financial
Industry: Money Center Banks
Country: France