Amundi : Better-than-expected net profit in Q3 reflecting the group’s good resilience
>Limited decline in assets under management in Q3 - On Friday, Amundi reported its Q3 2022 earnings. Assets under management amounted to € 1,895bn at end-September, down just 1.5% in Q3 2022, slightly ahead of the consensus (€ 1,889bn) and above our estimate (€ 1,859bn). Amundi recorded net outflows of € 12.9bn in Q3 2022 (0.7% of AuM), beating expectations. Excluding JVs, net outflows were € 11.6bn, very slightly above our estimate (€ 10.6bn) and above the consensus ...Amundi is a holding company. Through its subsidiaries, Co. provides advisory and investment management services. Co. provides savings, financial instruments, equity trading, credit activities, and investment solutions for both private individuals and institutional and corporate clients worldwide.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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