Natixis Has Decent 3Q 2018 Results; No Ingenico Takeover
No-moat Natixis reported net income of EUR 422 million for the third quarter of 2018, 10% ahead of the year-ago period. Revenue increased by 8% for the quarter relative to second-quarter 2017 to EUR 2.4 billion. Costs were well controlled; Natixis' cost/income ratio improved to 68% (69% in second-quarter 2017). This led to a 13% increase in pre-provision profits. The disposal of Natixis' retail banking activities (largely consumer finance) to parent BPCE remains on track. Natixis played down spe...Natixis is a player in the European banking industry. As the banking partner of large companies in France, Co. also plays an active role in serving financial institutions (banks, insurance companies, pension funds, etc.). Co.'s activities are divided into in three main business lines: Wholesale Banking, Investment Solutions (Asset Management, Private Banking, Insurance, and Private Equity) and Specialized Financial Services. Co. operates in four geographical regions: France; other EU countries; North America (Canada, USA); and other OECD countries. As of Dec. 31 2013 Co.'s total assets totaled Euro510,131,000,000.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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