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Top related persons:
Stephane Mahe - 1 Degroof - 1 France's - 1 JP Morgan - 1 Degroof Petercam - 1 Indosuez - 1 Xavier Musca - 1 Musca - 1
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Reze Nantes France Belgian
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REUTERS - 1 Agricole - 1 CAC - 1 PARIS - 1 Credit Agricole - 1 Credit Agricole SA - 1 Royal Bank of Canada - 1 Barclays - 1

Search resuls for: "Xavier Musca"


4 mentions found


☆ Credit Agricole shares shine on strong results, Degroof Petercam purchase
  + stars: | 2023-08-04 | by ( Mathieu Rosemain | Thomson Reuters | Mathieu Is Part Of Reuters' Finance Team | ) www.reuters.com   time to read: +3 min
FILE PHOTO-A woman walks past a Credit Agricole logo outside a bank office in Reze near Nantes, France, May 12, 2021. The results boosted Credit Agricole SA's (CAGR.PA) stock, which was up by about 5% at 0817 GMT, making it the best performer within France's blue-chip index CAC 40 (.FCHI). Helping the positive sentiment, the investment vehicle of the mutual banks that control Credit Agricole said it would spend 1 billion euros on the bank's shares, further tightening its grip on the lender. The vehicle currently owns 60.2% of Credit Agricole SA and said it had no intention to go beyond 65%. Degroof Petercam has client assets of 71 billion euros, while Indosuez said it had assets under management of 130 billion euros at the end of 2022.
Persons: Stephane Mahe, Degroof, France's, JP Morgan, Degroof Petercam, Indosuez, Xavier Musca, Musca, Mathieu Rosemain, Geert de Clercq, Piotr Lipinski, Ingrid Melander, Augustin Turpin, Alexander Smith Organizations: REUTERS, Agricole, CAC, PARIS, Credit Agricole, Credit Agricole SA, Royal Bank of Canada, Barclays, Credit Agricole's, Indosuez, KBC, Thomson Locations: Reze, Nantes, France, Belgian
☆ Credit Agricole's Q1 earnings beat expectations on trading sales boost
  + stars: | 2023-05-10 | by ( Mathieu Rosemain Matthieu Protard | Mathieu Rosemain | Matthieu Protard | ) www.reuters.com   time to read: +2 min
SummarySummary Companies Q1 investment bank sales up 20%Trading activity outperforms peersConfirms 2025 targetsPARIS, May 10 (Reuters) - Credit Agricole SA (CAGR.PA), France's second-biggest listed bank, posted better-than-expected earnings on Wednesday, as market volatility boosted trading revenue. This helped drive Credit Agricole's quarterly sales to 6.12 billion euros ($6.74 billion), up 9.6% from a year earlier, while net income more than doubled to about 1.23 billion euros. Both figures beat market expectations of 5.9 billion euros and 816 million euros, respectively, according to an analyst consensus compiled by the company. Deposit levels were stable in the quarter from a year earlier for the group, Credit Agricole said. The cost of risk -- money set aside for failing loans -- fell to 374 million euros, as concerns linked to the war in Ukraine subsided.
☆ Credit Agricole Q3 profit beats forecasts on corporate loan growth
  + stars: | 2022-11-10 | by ( ) www.cnbc.com   time to read: +1 min
Credit Agricole joined French and European peers in booking higher-than-expected third-quarter profit, driven mainly by corporate loans and consumer finance which more than offset withdrawals at asset manager Amundi and lower trading revenue. Net income came in at 1.35 billion euros ($1.35 billion), down 3.6% from a year earlier but above a 1.17 billion euro average forecast in a Refinitiv analyst poll, helped by one-off items such as the sale of the La Medicale insurance business. But Credit Agricole, like most European banks, managed to take advantage of rising interest rates to post a strong increase in corporate loans, up by 15.4%, and consumer finance, which rose 12.6%. "Globally we have a lower risk profile than rivals, which means we may profit less from volatility," said Credit Agricole Deputy Chief Executive Xavier Musca. It said it would not increase its stake in Credit Agricole beyond 65%.
☆ Credit Agricole Q3 profit beats forecast despite asset outflows
  + stars: | 2022-11-10 | by ( ) www.reuters.com   time to read: +2 min
Amundi, which is majority owned by the bank, last month posted net outflows of 12.9 billion euros in the third quarter, hurt by weak markets and concern about the economic outlook following the war in Ukraine. But Credit Agricole, like most European banks, managed to take advantage of rising interest rates to post a strong increase in corporate loans, up by 15.4%, and consumer finance, which rose 12.6% in the quarter. Capital markets and investment banking revenues, which have boosted rivals as they benefited from market volatility, fell by 5.7% in the quarter however. "Globally we have a lower risk profile than rivals, which means we may profit less from volatility," said Credit Agricole deputy CEO Xavier Musca. The bank said that would not increase the holding company's stake in Credit Agricole above 65%.
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