Crédit Agricole S.A. (OTCMKTS:CRARY – Get Free Report) was the target of a large decline in short interest in the month of July. As of July 15th, there was short interest totalling 34,400 shares, a decline of 62.2% from the June 30th total of 91,000 shares. Based on an average daily trading volume, of 372,100 shares, the short-interest ratio is currently 0.1 days.
Analyst Upgrades and Downgrades
Separately, Barclays upgraded shares of Crédit Agricole to a “hold” rating in a research report on Thursday, July 11th.
Read Our Latest Stock Analysis on Crédit Agricole
Crédit Agricole Stock Performance
Crédit Agricole (OTCMKTS:CRARY – Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.28 earnings per share for the quarter. The company had revenue of $7.39 billion during the quarter. Crédit Agricole had a net margin of 24.79% and a return on equity of 7.52%. On average, research analysts expect that Crédit Agricole will post 1.1 earnings per share for the current fiscal year.
Crédit Agricole Increases Dividend
The business also recently declared a dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, May 28th were paid a $0.5657 dividend. This is a positive change from Crédit Agricole’s previous dividend of $0.43. The ex-dividend date was Friday, May 24th. Crédit Agricole’s dividend payout ratio is currently 34.86%.
About Crédit Agricole
Crédit Agricole SA provides retail, corporate, insurance, and investment banking products and services in France and internationally. It operates through French Retail Banking Regional Banks; French Retail Banking – LCL; International Retail Banking; Asset Gathering; Large Customers; and Specialised Financial Services segments.
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