Credit Agricole (OTCMKTS:CRARY) Issues Quarterly Earnings Results

Credit Agricole (OTCMKTS:CRARY) posted its quarterly earnings results on Friday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.06, Zacks reports. Credit Agricole had a net margin of 23.39% and a return on equity of 31.64%. The business had revenue of $7.92 billion during the quarter, compared to analyst estimates of $8.04 billion.

Credit Agricole Stock Performance

OTCMKTS:CRARY opened at $8.32 on Friday. Credit Agricole has a fifty-two week low of $8.19 and a fifty-two week high of $11.66. The firm has a market cap of $50.35 billion, a PE ratio of 7.11 and a beta of 0.64. The business has a 50 day moving average price of $9.81 and a 200-day moving average price of $10.07.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Credit Agricole in a research note on Wednesday, July 15th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Credit Agricole Company Profile

Credit Agricole SA is a French banking group that provides retail, corporate and investment banking, insurance, asset management, consumer finance and specialized financial services. Through its networks and subsidiaries, the group serves individuals, businesses, institutional investors, farmers and public-sector organizations.

Its principal activities include retail banking in France and selected international markets; savings, life and property insurance; wealth and asset management; corporate and investment banking; consumer lending; leasing and factoring; payments; and financing for the agricultural and food sectors.