Natixis announced its numbers for Q3 18. Total net revenues at €2.38bn are (once again) above the very demanding consensus expectations (+2%), whereas total expenses at €1.61bn were in line with expectations. The AWM division mainly drove the beat. Gross operating income at €761m is therefore 6% higher than expectations (+13% yoy). The fully-loaded CET1 ratio at 10.9% is 10bp higher than expected and qoq (despite a negative 12bp impact from acquisitions). This confirms Natixis&
09 Nov 2018
Numbers higher...again and again
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Numbers higher...again and again
- Published:
09 Nov 2018 -
Author:
Farhad Moshiri -
Pages:
3
Natixis announced its numbers for Q3 18. Total net revenues at €2.38bn are (once again) above the very demanding consensus expectations (+2%), whereas total expenses at €1.61bn were in line with expectations. The AWM division mainly drove the beat. Gross operating income at €761m is therefore 6% higher than expectations (+13% yoy). The fully-loaded CET1 ratio at 10.9% is 10bp higher than expected and qoq (despite a negative 12bp impact from acquisitions). This confirms Natixis&