CRARY - Credit Agricole - 3 Reasons You Should Buy This Underappreciated French Bank
A curious beast
Credit Agricole (CRARF) (CRARY) is an acquired taste. It is often viewed as just a bit "too French" by non-French investors, and this is reflected in its share ownership statistics, which show it is 80% owned by French investors and only 20% owned by non-domestic shareholders. This is pretty much the reverse of the ownership position of BNP Paribas (BNPQY).
The company was set up in 1998, essentially as a listed acquisition vehicle for the Credit Agricole Group, France's largest mutual banking network. Credit Agricole Group still owns a majority of the