Credit Agricole SA (EURONEXT:ACA) reported mixed Q2 results—shareholders' net income fell to €2.05bn while group net income rose to €2.78bn and stock gained—while CEO Olivier Gavalda said CA hasn’t been approached over an MPS–Banco BPM tie-up and flagged new limits on campaign financing.
Previous Week Recap
- Credit Agricole SA Q2 Results: Credit Agricole (ACA) Q2: shareholders' net income €2.05bn (-11.9% YoY), EPS €0.59. Group net income €2.78bn (+7.8%). Revenues €7.36bn (entity), €10.88bn (group). Stock closed €18.78 (+2.26%).
- Gavalda: MPS–Banco BPM Tie-Up Likely No Value: Credit Agricole (ACA) CEO Olivier Gavalda said a MPS–Banco BPM tie-up likely wouldn’t add value for Banco BPM holders. CA, holding 29.3% of Banco BPM, hasn’t been approached or seen any proposal.
- Gavalda: No Financing Campaigns; Call For State Backing: Credit Agricole CEO-designate Olivier Gavalda said ACA no longer finances presidential campaigns and urged state backing for candidate loans via public funding or strong guarantees; tied to FBF plan.
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