Amundi : Solid Q3 results slightly ahead of forecasts
>Assets under management up 1.6% - Amundi reported yesterday morning Q3 2024 results marginally ahead of forecasts. Assets under management totalled € 2,192bn (+1.6% vs 30 June and +11.1% year-on-year) vs the cons. of € 2,187bn (and our forecast of € 2,197bn). The impact of market fluctuations explained most of this growth (€ 32.5bn in Q3, +1.5% of AuM), while net inflows amounted to € 2.9bn, close to expectations (cons. € 2.3bn, our forecast € 0.8bn). Highlights incl...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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