Report

Natixis : Deterioration in the perceived risk (too) heavily punished

>Exceptional loss vs exceptional dividend - Losses on derivatives = -€ 260m, incl. -€ 100m in trading in Q3 and -€ 160m in provisions reflecting future product management costs incriminated. Natixis indicated that these activities were not supposed to contribute significantly to the success of the strategic plan for which the targets have been re-affirmed.Exceptional dividend = € 1.5bn. This is the confirmation of the most likely assumption following the transact...
Underlying
NATIXIS

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.

Provider
Oddo BHF
Oddo BHF

​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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