Credit Agricole: Limited Interest Rate Sensitivity Can Help Lift Shares
CRARYCredit Agricole(CRARY) Seeking Alpha·2024-06-15 07:05

RobsonPL Political developments in France may have sent French bank stocks tumbling this week, but Crédit Agricole S.A. (OTCPK:CRARF)(OTCPK:CRARY) has nonetheless been a solid performer in recent years, outperforming wider European financials (EUFN) by around 30ppt since the European Central Bank ("ECB") began hiking interest rates back in the second quarter of 2022. Data by YCharts Although it has outperformed its peers in this time, Crédit Agricole is actually one of the least sensitive banks in Europe to ...