Amundi : We forecast a decline in net earnings in Q3, but remain positive on the stock
>Natural decline in assets under management due to the environment - Amundi is due to publish its net earnings on Q3 2022 on 28 October (as a reminder, the group finalised the acquisition of Lyxor at end-2021, implying a scope effect in the comparison between Q3 2021 and Q3 2022). We forecast a -3.4% decline in assets under management in Q3 2022 (to € 1,859bn), compared with the consensus forecast of -1.9%. This decline is likely to be driven by an unfavourable market...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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