Credit Agricole (OTCMKTS:CRARY) Issues Quarterly Earnings Results

Credit Agricole (OTCMKTS:CRARY) released its earnings results on Friday. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%.

Credit Agricole Stock Performance

CRARY traded down $0.19 on Friday, hitting $8.32. 392,524 shares of the company were exchanged, compared to its average volume of 237,282. The stock’s fifty day moving average is $9.87 and its 200-day moving average is $10.08. Credit Agricole has a 12 month low of $8.19 and a 12 month high of $11.66. The company has a market cap of $50.35 billion, a PE ratio of 7.43 and a beta of 0.64.

Wall Street Analysts Forecast Growth

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

About Credit Agricole

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.