Natixis : Q2 2019 results better than expected for good reason
>Earnings better than expected - The results reported by Natixis clearly beat expectations:Reported net income = € 346m vs € 298m expected, i.e. +16% with relatively few exceptional items. Underlying net income came in at € 363m, down 25% on Q2 2018.Operating profit from operational units alone (ex CC and investments) was also 16% ahead of expectations.The bulk of the performance stemmed from AWM (revenues) and CIB (revenues and costs). We think that th...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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