Credit Agricole (CAGR.PA), is a prominent French financial services company with a market capitalization of €33.99 billion as of July 20, 2023. Founded in 1885, it has a rich history as a cooperative bank, deeply rooted in agriculture and rural communities. Established by Friedrich Wilhelm Raiffeisen, a pioneer in social banking, the company initially aimed to provide affordable credit and financial support to farmers.
Over the years, it expanded its services to encompass a comprehensive range of banking, insurance, and asset management solutions. In 2001, Credit Agricole successfully went public, transforming into a publicly traded entity. Today, it operates as a leading global player in the financial sector, serving millions of customers worldwide and maintaining its commitment to sustainable growth and social responsibility.
Within the past 5 years, the lowest share price of Credit Agricole was €5.70 in March 2020. The pandemic triggered this drop, which affected all sectors of the economy, including banks. Its highest share price at €14.27 in February 2022. This surge was caused by the bank's Q4 2021 results, which showed better-than-expected profits. Additionally, the bank benefited from the global economic recovery as well as a rebound in the euro zone's GDP.
Traders and investors may use various trading tools and strategies to maximise their investment in this company. One of the common strategies is swing trading, which involves holding a stock for a few days or weeks to take advantage of short-term price changes. Technical analysts also use various indicators, such as moving averages and Relative Strength Index (RSI), to analyse the stock's performance and predict future market trends.
If you're considering Credit Agricole as a potential investment opportunity, it's essential to evaluate its competition in the financial industry. By doing so, you'll have a better idea of where it stands relative to other companies in the market. So who are its competitors?
- BNP Paribas (BNPP.PA): It is a French multinational bank that provides a wide range of financial services to clients worldwide. With a market capitalization of over €63 billion, BNP Paribas is one of the largest banks in Europe. The company has a strong global presence and operates in over 70 countries.
- Societe Generale (SOGN.PA): It is a French multinational bank that provides various financial services to clients globally. The company has a market capitalization of over €23 billion and operates in over 60 countries.
Other competitors you might consider include: HSBC (HSBC.US) and Deutsche bank (DB.US).
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The above spreads are applicable under normal trading conditions. Skilling has the right to amend the above spreads according to market conditions as per the 'Terms and Conditions'.
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