Morningstar raised fair value for Credit Agricole stock from EUR 15 to EUR 21
Published on 10/13/2026 at 10:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Morningstar raised its fair value estimate for Credit Agricole from EUR 15.00 to EUR 21.00 on October 8, 2026.
- Second-quarter revenue rose 8.00 percent in 2026, while customer loans grew 7.00 percent year on year.
- Credit Agricole stock was EUR 15.98 at Lang & Schwarz on October 13, 2026, down 2.14 percent versus the October 12 Xetra close of EUR 16.33.
- The bank is scheduled to publish third-quarter 2026 results on October 30, 2026.
Morningstar raised its fair value estimate for Credit Agricole stock from EUR 15.00 to EUR 21.00 on October 8, 2026, according to Morningstar. The move followed second-quarter revenue growth of 8.00 percent and customer-loan growth of 7.00 percent over the year.
Three dated signals for the bank
Credit Agricole listed the end of its share repurchase program on September 25, 2026, after purchases totaling EUR 605.50 million. The company had launched a program for up to 32.00 million ordinary shares on August 7, 2026.
On July 31, 2026, Credit Agricole reported second-quarter and first-half results. Capital reported first-half net banking income of EUR 20.90 billion, up 7.80 percent, and group net income of EUR 4.88 billion, up 6.80 percent, in its coverage of the results.
What does the valuation change mean?
Morningstar's EUR 21.00 fair value is EUR 5.00 above its previous EUR 15.00 estimate, a 40.00 percent increase. The analyst also highlighted a 14.00 percent return on tangible equity in the first half of 2026 and a 55.00 percent cost-to-income ratio.
The valuation case therefore combines stronger operating momentum with a clear risk marker. Morningstar expects annual revenue growth of 5.00 percent through 2028, above management's 3.50 percent floor, but projects 2028 net income of EUR 8.20 billion against the company's EUR 8.50 billion objective.
Upcoming results set the next test
The finance calendar lists third-quarter 2026 results for October 30, 2026 and a CAA Workshop for November 25, 2026, both on the company's finance page. The October report will test whether the 8.00 percent second-quarter revenue growth rate can be sustained.
Stock trades below the Xetra close
Credit Agricole stock was trading at EUR 15.98 at Lang & Schwarz on October 13, 2026 at 10:17 a.m. CEST. That was EUR 0.35, or minus 2.14 percent, versus the Xetra close of EUR 16.33 on October 12, 2026. The market capitalization was EUR 48.3 billion on October 13, 2026, while the 52-week range was EUR 15.37 to EUR 20.40.
The further course of trading is shown by the continuously updated real-time quote of Credit Agricole stock.
Credit Agricole stock facts
- Company: Credit Agricole S.A.
- ISIN: FR0000045072
- Ticker: ACA.PA
- Primary exchange: Euronext Paris
- Price Lang & Schwarz (as of October 13, 2026, 10:17 a.m. CEST): EUR 15.98
- Change versus Xetra close: minus 2.14 percent
- Xetra close (October 12, 2026): EUR 16.33
- Market capitalization: EUR 48.3 billion (as of October 13, 2026)
- 52-week range: EUR 15.37-20.40
- Sector / Industry: Financials / Banks
- Index membership: CAC 40
- Next earnings date: October 30, 2026
Market context: Market report CAC 40.
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