Credit Agricole (OTCMKTS:CRARY) Issues Earnings Results

by · The Cerbat Gem

Credit Agricole (OTCMKTS:CRARY – Get Free Report) issued its earnings results on Wednesday. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.11), Zacks reports. Credit Agricole had a net margin of 27.03% and a return on equity of 37.56%. The company had revenue of $8.11 billion for the quarter, compared to analyst estimates of $7.98 billion.

Credit Agricole Price Performance

Shares of CRARY stock traded down $0.53 during trading on Thursday, reaching $10.42. The company had a trading volume of 18,532 shares, compared to its average volume of 221,778. Credit Agricole has a one year low of $7.55 and a one year high of $11.11. The firm’s 50 day simple moving average is $10.22 and its two-hundred day simple moving average is $9.74. The company has a market capitalization of $63.06 billion, a PE ratio of 8.02 and a beta of 0.65.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRARY shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Credit Agricole in a report on Wednesday, January 21st. Zacks Research downgraded Credit Agricole from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 13th. Oddo Bhf raised Credit Agricole from a “neutral” rating to an “outperform” rating in a research note on Tuesday, January 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of Credit Agricole in a report on Friday, December 19th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Credit Agricole currently has a consensus rating of “Moderate Buy”.

Get Our Latest Stock Analysis on CRARY

About Credit Agricole

(Get Free Report)

Crédit Agricole (OTCMKTS:CRARY) is a major French banking group that provides a broad range of financial services to retail, corporate and institutional clients. Headquartered in France, the group combines a large domestic retail banking franchise with international wholesale banking, asset management, insurance and specialized financial services. Its operations are organized through a network of regional cooperative banks together with a centrally managed listed entity that coordinates group strategy and capital markets activities.

The company’s core businesses include retail and commercial banking products such as current accounts, savings, mortgages, consumer loans and payment services delivered through its regional bank network and retail subsidiaries.

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