Credit Agricole SA (XTER:XCA)
€ 12.98 -0.09 (-0.69%) Market Cap: 39.39 Bil Enterprise Value: -241.16 Bil PE Ratio: 7.00 PB Ratio: 0.56 GF Score: 75/100
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Q3 2019 Credit Agricole SA Earnings Call Transcript

Nov 08, 2019 / 01:30PM GMT
Release Date Price: €12.29 (-1.52%)
Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Crédit Agricole Third Quarter and First 9 Months of 2019 Results Conference Call. (Operator Instructions) I must also advise you that the conference is being recorded today, Friday, the 8th of November 2019.

I would now like to hand over to your speaker today, Jérôme Grivet. Please go ahead.

JÃ;rÃ;me Grivet;dit Agricole S.A.;Deputy GM
CrÃ;CFO & Head of the Group Finance Division

©´ - ©- -

Good afternoon to every one of you. I'm happy to present the results of our third quarter today. Let me start with the slides and if we start with Page 4, just for the main messages of this quarter. We are posting a net profit, which is significantly increasing Q3 on Q3. And thus, the profitability in the first 9 months of the year is at a high level with a return on tangible equity at CASA, which is above 11%. I remember you that -- I remind you that 11% was our target for the medium-term plan.

Second element, we

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