Natixis : Q3 results raise more questions than answers
>Results beat forecasts but also raised questions - Behind these forecast-beating results, there are two questions that hang over the stock:An underlying performance that fell short of expectations: net profit in Q3 beat forecasts by 16% and by 5.6% for operating profit. However, excluding the impact of performances fees (that came in well above the consensus), results would have probably fallen short of expectations, particularly at the asset management business...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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