ENXTPA:ACABanks
Crédit Agricole (ENXTPA:ACA) Stock Faces Cost Pressure Despite Record Revenue
Crédit Agricole headed into this earnings season with the stock at €19.28 and solid short term gains, up about 4% over a week and 16% over three months. The share price already reflected rising optimism. The Q2 release then landed with a clear headline. Group revenues and net income reached record levels, while the trailing P/E sat at 9x, below both European banking peers and the wider French market.
For long term investors, this mix of strong profitability and a discounted valuation raises a...