Report
Steven Gould

Natixis : Q4 2019 results conducive to a re-rating

>Results set to prompt consensus upgrades - Natixis’s operating result came in 16% better than expected. The reasons for this outperformance are, in our view, conducive to an upward revision to consensus expectations:AWM is by far the biggest driver with revenues ex performance fees beating expectations by 7%. Margins are holding up better than expected and the share of associated revenues is proving resilient. Moreover, the return to positive inflows in the US (...
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.

Analysts
Steven Gould

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