Natixis released its numbers for Q1 18. Total revenues at €2.41bn were 2% higher than expected beating expectations in all operating divisions. Total expenses were just 0.5% higher than expected. Hence, profit before loan losses at €618m was 7% above expectations. Natixis has once again been beating the market this quarter (especially at a time when its French peers have been struggling to present investors with decent numbers). We maintain our Buy recommendation on the stock as we
18 May 2018
Another strong quarter (again and again)...
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Another strong quarter (again and again)...
- Published:
18 May 2018 -
Author:
Farhad Moshiri -
Pages:
3
Natixis released its numbers for Q1 18. Total revenues at €2.41bn were 2% higher than expected beating expectations in all operating divisions. Total expenses were just 0.5% higher than expected. Hence, profit before loan losses at €618m was 7% above expectations. Natixis has once again been beating the market this quarter (especially at a time when its French peers have been struggling to present investors with decent numbers). We maintain our Buy recommendation on the stock as we