Credit Agricole's Midterm Profit Target Beats Views -- Market Talk

Dow Jones
2025/11/18

0918 GMT - Credit Agricole outlined a new three-year plan with ambitions for European growth underpinning more than 8.5 billion euros in net profit in 2028 based on higher revenues from its structured financial solutions business and large customers segment. The French bank wants to make around 60% of its business from outside of France, up from 55% currently, and roll out a universal bank in Germany. "The strategy in Italy remains a question mark, with CA Italia still much smaller than peers in a consolidating market, and Germany remains quite a competitive market," J.P. Morgan analysts Delphine Lee and Kian Abouhossein say. The net profit guidance is 4% higher than what they had expected, they add. Shares slip 1.8%. (elena.vardon@wsj.com)

 

(END) Dow Jones Newswires

November 18, 2025 04:19 ET (09:19 GMT)

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