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4-Traders Homepage  >  Equities  >  Euronext Paris  >  Crédit Agricole    ACA   FR0000045072

CRÉDIT AGRICOLE (ACA)
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Credit Agricole : Net Profit Significantly Rose in 4th Quarter

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02/14/2018 | 07:20am CET
   By Pietro Lombardi 
 

Credit Agricole SA (ACA.FR) net profit recorded double-digit growth in the fourth quarter despite the negative effect of tax items, the bank said Wednesday.

The lender, France's second-largest listed bank by assets, said net profit rose 33% to 387 million euros ($477.2 million) from a year earlier, when a write-down on its domestic retail arm hit the bottom line.

Analysts had expected the Paris-based lender to post a net profit of EUR610.8 million, according to FactSet.

Revenue rose 1.6% to EUR4.65 billion. On an underlying basis, revenue grew by 5.4%, supported by the integration of Pioneer and organic growth, the lender said.

Tax increased to EUR703 million for the quarter from EUR461 million a year earlier.

Credit Agricole's core Tier 1 ratio, a key measure of capital strength, was 11.7% in December, compared with 12% as of September.

The lender said it would pay shareholders a dividend of EUR0.63 a share, up from EUR0.60 for 2016.

Write to Pietro Lombardi at [email protected]

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Financials (€)
Sales 2018 19 768 M
EBIT 2018 7 013 M
Net income 2018 3 803 M
Debt 2018 -
Yield 2018 4,84%
P/E ratio 2018 10,55
P/E ratio 2019 9,49
Capi. / Sales 2018 2,01x
Capi. / Sales 2019 1,93x
Capitalization 39 831 M
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 16,5 €
Spread / Average Target 18%
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Managers
NameTitle
Philippe Brassac Chief Executive Officer
Dominique Lefèbvre Chairman
Pascal Célérier Deputy MD, Head-Operations & Transformation
Jérôme Grivet Chief Financial Officer & Deputy Managing Director
Eric Baudson Head-Group Information Systems
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