Model update
We reiterate our Conviction Buy rating and have updated our model from fx ahead of the Q2 2023 sales publication on 27th July. Our revenue, operating profit and adj. EPS forecasts are marginally raised (by less than 1%).
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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