Credit Agricole SA ADR (CRARY) - OTCPK - Current
  • 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
  • Mar. 18, 2013, 5:10 AM

    European bank shares slide following news of the levy on deposits in Cyprus, which has prompted concerns of a run on banks elsewhere in the eurozone. The Stoxx Europe 600 Banks index -2.1%. In Madrid, BBVA -3.7%; in Milan, Banca Popolare di Milano -3.9%, Intesa Sanpaolo -3.3%, Mediobanca -4.6%, Banca Monte dei Paschi di Siena -3.8%. In Paris, SocGen -4.2%, Credit Agricole -2.9%, BNP Paribas -3.3%. In Frankfurt, Deutsche Bank (DB) -2.8%.

    | Mar. 18, 2013, 5:10 AM
  • Jan. 30, 2012, 1:22 PM
    Euro bank stocks were hit hard once again, as a new round of Greek bailout fears triggered a strong selloff. UBS -3.4%. BCS -4.8%. CS -3.5%. STD -3.7%. CRARY.PK -7.4%. BNPQY.PK -7.1%. SCGLY.PK -7.4%.
    | Jan. 30, 2012, 1:22 PM
  • Jan. 27, 2012, 3:28 AM
    EU stocks open down following mixed U.S. data yesterday, with banks and mining stocks leading the way. Credit Agricole (CRARY.PK) is -3.3% and BNP Paribas (BNOBF.PK) -2.4% following downgrades by JP Morgan Cazenove. Euro STOXX 50 -0.4%, London -0.5%, Paris -0.4%, Frankfurt -0.2%.
    | Jan. 27, 2012, 3:28 AM | 1 Comment
  • Jan. 23, 2012, 6:45 AM

    European banks shoot higher this morning on reports of a Franco-German push to weaken bank capital rules. In Paris, Societe Generale +7.9%, Credit Agricole +5.5%, AXA +2.8%. Premarket U.S.: Deutsche Bank +3%, UBS +1.8%, RBS +1.2%, ING +1.5%, Lloyds +1%.

    | Jan. 23, 2012, 6:45 AM | 1 Comment
  • Nov. 2, 2011, 4:32 AM
    EU bank shares regain some of their dignity after yesterday's steep losses, with the STOXX Europe 600 Banks index +2%, Societe Generale (SCGLY.PK) +5.7%, Credit Agricole (CRARY.PK) +4.8%, BNP Paribas (BNPQY.PK) +5.3%, Deutsche Bank (DB) +2.1%, UniCredit (UNCIF.PK) +5.5%, Barclays (BCS) +2.2%, and RBS (RBS) +1.9%.
    | Nov. 2, 2011, 4:32 AM
  • Nov. 1, 2011, 4:38 AM
    EU banks are taking a pounding following the Greek referendum news, with the STOXX Europe 600 Banks index -5.1%, Societe Generale (SCGLY.PK) -13.6%, Credit Agricole (CRARY.PK) -10.85%, BNP Paribas (BNPQY.PK) -9.4%, Deutsche Bank (DB) -7.9%, UniCredit (UNCIF.PK) -8.1%, Barclays (BCS) -5.5%, and RBS (RBS) -4.9%.
    | Nov. 1, 2011, 4:38 AM
  • Oct. 27, 2011, 9:11 AM
    Today's 18-22% move higher in French banks gives them gains of as much as 50% in 5 weeks! It's entirely possible the capital raises anticipated by the EBA can be accomplished through retention of earnings - maybe a pleasing thought to shareholders, even if they have to miss a year's worth of dividends.
    | Oct. 27, 2011, 9:11 AM
  • Oct. 27, 2011, 7:14 AM
    European bank shares are the big winners following yesterday's/this morning's deals. BNP Paribas (BNPQY.PK) +16.2%, SocGen (SCGLY.PK) +14.7%, Credit Agricole (CRARY.PK) +20.3%, DB +13.7%, RBS +8.1%, UBS +7.1%.
    | Oct. 27, 2011, 7:14 AM
  • Oct. 13, 2011, 7:53 AM
    French banking shares are sharply lower today, but rather than a new sign of weakness, they're likely just giving back monstrous recent gains. BNP Paribas (BNPQY.PK) is off 7.9% after popping more than 50% over the last 3 weeks. SocGen (SCGLY.PK) -4.9%, Credit Agricole (CRARY.PK) -5.6%.
    | Oct. 13, 2011, 7:53 AM
  • Sep. 26, 2011, 7:18 AM

    It's the beaten down bank shares partying hardest in Europe. SocGen (SCGLY.PK) leads the French lenders, +8%. In Milan, Intesa Sanpaolo +10.1%. Germany's Deutsche Bank (DB) +8% premarket.

    | Sep. 26, 2011, 7:18 AM | 2 Comments
  • Sep. 21, 2011, 9:07 AM
    The large French banks have moved from down sharply to green in the past 30 minutes. Rumors are making the rounds that the government may force a merger or recapitalization of the lenders. The CAC 40 has moved to nearly flat, from -1.7%.
    | Sep. 21, 2011, 9:07 AM
  • Sep. 16, 2011, 10:51 AM
    A sharp dive in French bank shares in the last few minutes is weakening another strong rally in Europe. BNP Paribas (BNPQY.PK) -9% in Paris after being unchanged not long ago. Credit Agricole (CRARY.PK) -5%, SocGen (SCGLY.PK) -2.7% after being strongly green most of the day.
    | Sep. 16, 2011, 10:51 AM
  • Sep. 13, 2011, 10:21 AM
    BNP Paribas (BNPQY.PK) rebounds from sharp early losses following an unnamed official claiming the bank was having serious dollar funding issues. Shares in Paris are 15% off early morning lows, now +1.2%. SocGen (SCGLY.PK) +9.1% in Paris.
    | Sep. 13, 2011, 10:21 AM
  • Aug. 10, 2011, 9:57 AM

    Societe Generale (SCGLY.PK -15.5%) is in freefall, now quoted -17% in Paris as rumors swirl of an emergency meeting with President Sarkozy. FT Alphaville posits that the bank's exposure to the rocketing Swiss franc could be a source of its troubles.

    | Aug. 10, 2011, 9:57 AM | 1 Comment
  • Jun. 15, 2011, 7:03 AM
    Moody's puts France's top three banks on review for downgrade because of their exposure to Greece's debt crisis, and may take similar action on other banks with direct Greek exposure. In European trading, Credit Agricole (CRARY.PK) -1.2%, BNP Paribas (BNPQY.PK) -1.4%, SocGen (SCGLY.PK) -1.7%.
    | Jun. 15, 2011, 7:03 AM
Company Description
Currently, there's no company description for CRARY.
Sector: Financial
Industry: Money Center Banks
Country: France