Amundi released this morning its numbers for Q2 18. Total income at €679m was 3.5% higher than expected and 2% above our expectations. Total expenses were well under control at €340m, 4% lower yoy. Amundi’s share price has been down about 20% in the last three months. Investors have been afraid that net inflows will turn deeply negative (especially in Italy). Today’s numbers are more than comforting as net inflows remain positive (+€2.5bn) and come from retail inves
02 Aug 2018
A sunny and relaxed summer...
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A sunny and relaxed summer...
Amundi SA (AMUN:WBO) | 0 0 1.9% | Mkt Cap: 13,650m
- Published:
02 Aug 2018 -
Author:
Farhad Moshiri -
Pages:
3
Amundi released this morning its numbers for Q2 18. Total income at €679m was 3.5% higher than expected and 2% above our expectations. Total expenses were well under control at €340m, 4% lower yoy. Amundi’s share price has been down about 20% in the last three months. Investors have been afraid that net inflows will turn deeply negative (especially in Italy). Today’s numbers are more than comforting as net inflows remain positive (+€2.5bn) and come from retail inves