Natixis released its numbers for Q4 17 this morning. Total income at €2.5bn is 7.5% higher than expected and 1.3% above our own forecasts. The beat was mainly driven by a strong quarter in asset management. Total expenses at €1.74bn were mechanically higher than expected (+4%) and still higher than our own (too optimistic) expectations. Profit before loan losses at €760m was therefore 16% above expectations and 2.6% below our own forecasts. The CET1 ratio at 10.65% (10.5% pro f
14 Feb 2018
A strong set of results (once again...)
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A strong set of results (once again...)
- Published:
14 Feb 2018 -
Author:
Farhad Moshiri -
Pages:
3
Natixis released its numbers for Q4 17 this morning. Total income at €2.5bn is 7.5% higher than expected and 1.3% above our own forecasts. The beat was mainly driven by a strong quarter in asset management. Total expenses at €1.74bn were mechanically higher than expected (+4%) and still higher than our own (too optimistic) expectations. Profit before loan losses at €760m was therefore 16% above expectations and 2.6% below our own forecasts. The CET1 ratio at 10.65% (10.5% pro f