Credit Agricole SA ADR  |  OTCPK - Current
52wk high:6.65
52wk low:3.81
PE (ttm):9.06
Div Rate (ttm):-
Yield (ttm):-
Market Cap:$35.84B
  • Dec. 21, 2016, 2:59 AM
    • Top French lenders are suing the ECB to get an exemption from holding capital against certain deposits parked with state-owned fund CDC.
    • Lawsuits have been brought forward over the past month by BNP Paribas (OTCQX:BNPQF), Societe Generale (OTCPK:SCGLY), Credit Agricole (OTCPK:CRARY) and three other banks.
    • It's the first major case by top eurozone lenders, pointing to tensions between the banks and the monetary authority.
    Dec. 21, 2016, 2:59 AM
  • Dec. 7, 2016, 5:22 AM
    • Wrapping up a five-year investigation, the European Commission has fined Credit Agricole (OTCPK:CRARY), HSBC (NYSE:HSBC) and JPMorgan (NYSE:JPM) a total of €485M for their part in a cartel to fix the Euribor benchmark interest rate.
    • Deutsche Bank, RBS, and Societe Generale admitted guilt in December 2013.
    • Barclays avoided a fine because it alerted the Commission.
    • HSBC +1% premarket
    Dec. 7, 2016, 5:22 AM | 5 Comments
  • Dec. 6, 2016, 3:10 PM
    • Wrapping up a five-year probe into the rigging of Euribor, the EU is set to unveil fines on the trio ranging from the tens of millions of euros to the low hundreds, reports the FT.
    • The three - JPMorgan (NYSE:JPM), HSBC, and Credit Agricole (OTCPK:CRARY) - held out from settling when the EU imposed fines on another trio of lenders three years ago.
    • Next up for the EU competition commissioner will be penalties over alleged forex manipulation.
    Dec. 6, 2016, 3:10 PM
  • Nov. 16, 2016, 3:30 AM
    • EU antitrust regulators are set to fine HSBC, JPMorgan (NYSE:JPM) and Credit Agricole (OTCPK:CRARY) by the end of the year for rigging financial benchmarks linked to the euro, Reuters reports.
    • Charges were levied in May 2014 against the three banks, which denied wrongdoing.
    • Deutsche Bank, RBS and Societe Generale admitted guilt in December 2013, while Barclays avoided a fine because it alerted the European Commission.
    Nov. 16, 2016, 3:30 AM | 13 Comments
  • Nov. 8, 2016, 8:47 AM
    Nov. 8, 2016, 8:47 AM
  • Nov. 8, 2016, 5:33 AM
    • Toyota's (NYSE:TM) operating profit almost halved in the second quarter as a strong yen crimped the value of overseas earnings.
    • Despite macro challenges, Credit Agricole (OTCPK:CRARY) outperformed after beefing up its balance sheet and doubling its third quarter net profit.
    • ArcelorMittal (NYSE:MT) -7.3% premarket after the steel producer warned of weak profitability in Q4 with higher coal prices hitting margins.
    Nov. 8, 2016, 5:33 AM
  • Aug. 3, 2016, 8:39 AM
    Aug. 3, 2016, 8:39 AM
  • Aug. 3, 2016, 2:03 AM
    • HSBC cast doubt over reaching its profitability targets after first half earnings tumbled 29% on year - just shy of expectations - due to a slowdown in its key markets of Britain and Hong Kong.
    • Societe Generale (OTCPK:SCGLY) and Credit Agricole (OTCPK:CRARY) beat estimates, however, reporting a jump in Q2 net profit helped by a gain from their stake sales in Visa Europe.
    Aug. 3, 2016, 2:03 AM
  • Feb. 17, 2016, 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.
    Feb. 17, 2016, 3:19 AM
  • Dec. 31, 2015, 10:52 AM
    • The Swiss unit of Credit Agricole (OTCPK:CRARY -0.8%) has agreed to pay a $99M penalty to the U.S. Justice Department part of a nonprosecution agreement over its conduct toward U.S. taxpayers, WSJ reports.
    • Under the 2013 deal, the U.S. cracked down on Swiss banks it suspected of helping American taxpayers conceal income.
    • Previously: Credit Agricole settles sanctions violations for $787M (Oct. 21 2015)
    Dec. 31, 2015, 10:52 AM
  • Nov. 9, 2015, 4:24 AM
    • The Financial Stability Board has published new rules that aim to stop banks from becoming "too big to fail," confirming its final proposals for Total Loss Absorbing Capacity, or TLAC.
    • Under the plan, large lenders will have by January 2019 to hold a financial cushion of at least 16% of their risk-weighted assets in equity and debt that can be written off. That requirement will gradually increase, reaching 18% of assets weighted by risk by January 2022.
    • The FSB will put the rules, which will apply to the world's top 30 banks, to the G20 later this month.
    Nov. 9, 2015, 4:24 AM | 219 Comments
  • Oct. 21, 2015, 3:32 AM
    • Credit Agricole (OTCPK:CRARY) has agreed to pay $787M to U.S. regulators and entered into a deferred prosecution agreement with the DOJ to settle allegations over the transfer of billions of dollars on behalf of Iran and other countries.
    • Credit Agricole now joins 10 other global banks that have entered into similar agreements over the past six years, acknowledging conduct that violated U.S. sanctions.
    Oct. 21, 2015, 3:32 AM
  • Aug. 4, 2015, 4:29 AM
    • Just two months into the job, Credit Agricole's (OTCPK:CRARY) new chief executive has made his mark with a management reshuffle, as the bank nears a settlement over possible sanctions breaches.
    • Several business lines have now been reorganized to report directly to CEO Philippe Brassac and top management.
    • The bank also announced it would book an additional €350M in litigation provisions, bringing the total to €1.6B.
    Aug. 4, 2015, 4:29 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
  • Feb. 16, 2015, 3:14 AM
    • Credit Agricole (OTCPK:CRARY) is poised to appoint Philippe Brassac as its new chief executive, FT reports.
    • Brassac, who runs one of the 39 regional mutual banks that together own a majority stake in Credit Agricole’s listed entity, CASA, has majority board support and could receive formal approval as early as this week.
    Feb. 16, 2015, 3:14 AM
  • Jan. 9, 2015, 7:54 AM
    • More than half of the €7.5B in newly issued Santander (NYSE:SAN) stock was purchased by U.S. investors, reports the FT, with about 25% bought by U.K. owners.
    • The bank issued 1.214B shares at £6.18 each as new executive chairman Ana Botin quickly broke ranks with her late father's strategy just four months after replacing him atop the company.
    • The ADRs are lower by 4.5% premarket after yesterday's 7% decline.
    • Now that Santander has joined Deutsche Bank in raising capital, analysts turn their attention to the next dominoes. High on the list: BNP Paribas (OTCQX:BNPQY), Societe General (OTCPK:SCGLY), Credit Suisse (NYSE:CS), Commerzbank (OTCPK:CRZBY), and Credit Agricole (OTCPK:CRARY).
    Jan. 9, 2015, 7:54 AM | 24 Comments