Report

Natixis : Solid Q3 2018, management reassures on strategy

>Buy recommendation confirmed - Q3 2018 results lent weight to our Buy recommendation on the stock. The group’s fundamentals remain solid and we think that management is on the right track to reaching 2020 targets. Moreover, we think that management’s recap on the strategy is reassuring, notably regarding the dividend policy. Whilst we are expecting an upward revision to the consensus estimates, we have adjusted slightly down our 2018-2020e EPS forecasts by 3% to fact...
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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