Crédit Agricole Stock News

France's Credit Agricole , the single biggest investor in Italian lender Banco BPM , is against ​an offer for BPM by rival bank ‌Banca Monte dei Paschi (MPS) , daily La Stampa reported on Tuesday.

Crédit Agricole S.A., having received all necessary supervisory approvals, announces today that it will start a share repurchase program of up to 32 million of Crédit Agricole S.A.'s ordinary shares. The program shall start on 10 August 2026 and end no later than 29 September 2026. Shares purchased under the Program will be cancelled.

Credit Agricole SA CEO Olivier Gavalda said on Friday ​it was "very difficult" to see ‌how a potential tie-up between Italy's Monte dei Paschi di Siena and ​Banco BPM could create ​value for Banco BPM shareholders.

France's Credit Agricole posted ​better-than-expected second-quarter earnings on Friday, driven by growth across its retail, asset management ‌and investment banking businesses, while its CEO dismissed reports Italy's Monte dei Paschi and Banco BPM were in talks to combine as "false".

The increase was part of the French bank's commitment to the Italian market and the move is expected to lower its CET 1 ratio by around 35 basis points by the end of the second quarter.

Europe's largest banks have urged regulators not to intervene in equity markets, saying there is no evidence that a decline in trading on traditional ​stock exchanges has harmed price-setting.

France's Credit Agricole has ​informed the Italian government it plans to increase its stake in Banco BPM to near 30%, sources said, bolstering its ‌grip on the country's fourth biggest bank amid a fresh merger wave in the sector.