Natixis has just released its Q3 16 results. Total income is roughly in line with expectations at €1.92bn but 2.6% higher versus our own expectations (once adjusted for corporate centre revenues). Total expenses are, however, 2.1% above consensus expectations and 2% above our expectations. Loan losses at €69m are below consensus expectations (at €81m) and above our €58m forecasts. All in all, operating revenues at €408m are 2.5% short of expectations but 4% higher tha
09 Nov 2016
CIB again and again...
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CIB again and again...
- Published:
09 Nov 2016 -
Author:
Farhad Moshiri -
Pages:
3
Natixis has just released its Q3 16 results. Total income is roughly in line with expectations at €1.92bn but 2.6% higher versus our own expectations (once adjusted for corporate centre revenues). Total expenses are, however, 2.1% above consensus expectations and 2% above our expectations. Loan losses at €69m are below consensus expectations (at €81m) and above our €58m forecasts. All in all, operating revenues at €408m are 2.5% short of expectations but 4% higher tha