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 2024 Credit Agricole SA Earnings Call (English, French) Transcript

Nov 06, 2024 / 10:00AM GMT
Release Date Price: €13.7 (-4.53%)
Operator

Good morning. This is the conference operator. Welcome, and thank you for joining the Credit Agricole third quarter and first nine months of 2024 results presentation. (Operator Instructions)

At this time, I would like to turn the conference over to Mr. Jerome Grivet, Deputy Chief Executive Officer. Please go ahead, sir.

Jerome Grivet
Credit Agricole SA - Deputy Chief Executive Officer, Member of the Executive Committee

Thank you very much. Good morning, everyone, and I'm happy to share with you the results that we are publishing this morning. Again, we are publishing very good results on the third quarter of 2024 and to put it in a nutshell, they are very close to the results we've posted second quarter of the same year.

Net profit at Credit Agricole SA for the first nine months of the year stands at EUR5.4 billion, and it's EUR1.7 billion for the third quarter only. It's apparently down around 4.7% Q3-on-Q3, but restated from a reversal of home purchase savings plan provisions that we had booked and commented last year, actually, the net

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