Natixis : Q2 2018: a solid performance driven primarily by AM
>Net profit reaches € 580m, beating expectations by 19% - Following a change of analyst covering the stock (Alex Koagne vs Jean Sassus), we reiterate our Buy rating with a € 7.6 target price, implying 25% upside potential. Net profit grew by 19% y-o-y in Q2 2018 to € 580m, beating the consensus by 19%. Restated for one-offs, it was up 5% y-o-y at € 556m, again 19% above the consensus. An analysis of the group’s recurring earnings shows that the gap between the consens...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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