Natixis : Underlying trends unchanged despite performance fees
>Forecasts unchanged despite a stronger-than-expected Q4 - Reported Q4 2018 net profit is 29.5% above expectations. However, we are not revising our 2019-2020 forecasts and we doubt that the consensus reflects this performance. There are two reasons for this:The lion’s share comes from performance fees that significantly exceeded expectations: they reached € 249m vs around € 160m forecast and € 149m in Q4 2017. They almost exclusively came from European boutiques...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.