Model update post Q3 2023 results
Management's tone during the conference call last Thursday was optimistic, supported by a good set of Q3 numbers and healthy trends recorded during the month of October. However, some question marks linger with regard to promotional activity and consumer demand, particularly in Western Europe. Our
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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