Natixis : An excessive correction
>The fall in the share price looks excessive - The Natixis share price lost 11.75% yesterday, i.e. a loss of value of more than € 1.6bn. The correction looks excessive based on the information at our disposal:The total unrated corporate bonds incriminated by the press reportedly represent just € 1.0bn out of total AuM for H2O of € 28.3bn at end-2018 (cf. table in the appendices).H2O’s contribution to Natixis’ attributable net profit is around 6% (50% owned)....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.
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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