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Credit Agricole SA (ticker symbol: CAGR) is a is a French international banking group which operates as a bank holding company. Through its subsidiaries, Credit Agricole offers banking and insurance services, acts as a reference bank for companies in international trade, and manages specialized financial products. As the world’s largest cooperative financial institution, Credit Agricole’s financial services span portfolio management and securities, insurance, consumer finance, private banking, and leasing and factoring.
Crédit Agricole Group, is commonly referred to as “La banque verte” (the Green Bank) due to its historical ties to farming. CAGR is listed on Euronext Paris’ first market and is part of the CAC 40 stock market index. Headquartered in Paris, Montrouge, the Crédit Agricole provides its clients with a large range of products and sector expertise including:
- Financial institutions and real estate
- Telecoms, Media, and Technology (TMT)
- Oil and gas
- Metal and mining
- Capital Goods, Power, Energy & Utilities
- Transportation, Defense & Infrastructure
- Building Materials & Construction
- Consumer Products
- Retail & Food services
Crédit Agricole’s growth comes from major institutional clients, specialist financial services, and its operations in Italy. The company’s major revenue sources include its 50+ million direct client base and its strategic partnerships which enable Crédit Agricole’s to provide its services to over 800 million additional clients worldwide.
Crédit Agricole was listed on the stock market in 2001 under the name Crédit Agricole S.A. Some of Group’s most notable mergers and acquisitions include:
- Crédit Agricole earlier acquisition include the purchase of stakes in Banco Ambrosiano Veneto (Italy) in 1989 and Banco Espirito Santo (Portugal) in 1991.
- In 1996, the acquisition of Banque Indosuez took Credit Agricole into a new league in terms of investment banking and international exposure.
- In 1999, diversification continued with the acquisition of leading consumer finance company Sofinco.
- In June 2003, Crédit Agricole acquired Credit Lyonnais after having competed with many other banks.
- In 2011, the Group solidified its expansion strategy in Italy, with the acquisition of 172 branches from Intesa Sanpaolo S.p.A.
Crédit Agricole SA Stock History
Crédit Agricole’s regional links can trace their history back to the end of the 19th century, to the Act of 1884 which among other things authorized the creation of farm unions and the foundation of local mutual banks. In 1920, the “Act of 5” created the Office National de Crédit Agricole (CNCA) to give greater autonomy to what was at the time merely a credit department of the Ministry of Agriculture. Crédit Agricole’s inception came to be when the government passed an act to privatize CNCA on January 18, 1988. It was then that the CNCA was transformed into a public limited company and became fully independent from the government.
In the late 1980s Crédit Agricole begun diversifying by setting up its life insurance subsidiary Predica, in 1986 and its property unit Pacifica, in 1990. The Group expanded beyond France when it acquired stakes in Banco Ambrosiano Veneto (Italy) in 1989 and Banco Espirito Santo (Portugal) in 1991. The acquisition of Banque Indosuez in 1996 was perhaps the most important milestone in Credit Agricole’s history as it marked its transition into corporate and investment banking.
In 2001, CNCA was listed on the stock market under the name Crédit Agricole S.A. In June 2003, the Group took a massive step with the acquisition of Credit Lyonnais and in 2005, Crédit Agricole S.A. embarked on an ambitious quest to expand its international reach.
Between 2006 and 2008, Crédit Agricole S.A. completed a number of retail banking acquisitions in Egypt, Ukraine, Greece and Italy, and expanded in Portugal. In 2011, Crédit Agricole continued its expansion strategy in Italy, with the acquisition of 172 branches from Intesa Sanpaolo S.p.A.; while n 2012 the Group signed agreements on the sale of Emporiki to Alpha Bank and the sale of the CLSA and Cheuvreux brokers.
Part of the CAC 40 (the benchmark French stock market index) Crédit Agricole reached the top of the index in August 2021.
How to Trade Crédit Agricole
As France’s second largest bank, as well as the third largest in Europe, Crédit Agricole has been a popular stock among traders. For CFD traders, CAGR can present some interesting short- and long-term trading opportunities. Here are some factors to consider when trading Crédit Agricole stocks:
- Global Economic Outlook
Crédit Agricole has survived a number of boom-and-bust cycles throughout its long history. However, the performance of financial institutions is closely linked with that of the global economy. A global recession for example can weigh on banking institutions such as Crédit Agricole.
- New Product/Services Rollouts
Crédit Agricole has invested heavily in branding, expansion, digitalization, and product diversification. The company has become known for providing innovative financial solutions for retail, corporate, and institutional clients. Keeping an eye out for the group’s latest product launches and gauging market demand, can help traders better anticipate Crédit Agricole stock’s performance.
- Periodical Earnings Reports
Crédit Agricole.’s (CAGR) quarterly earnings reports, which include key metrics such as net income, earnings per share, earnings from continuing operations, and net sales, can help traders determine the group’s financial health. Crédit Agricole’s fiscal year runs from November 1st to October 30th of the following year and releases its earnings reports quarterly.
AvaTrade Crédit Agricole Stock Trading Information
- Crédit Agricole. Stock Symbol: #CAGR
- Trading Times: Monday – Friday 08:00-16:29 GMT
- Country: France
- Currency: EUR
- Exchange: Euronext Paris
- Leverage up to: 5:1
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