Natixis: Q2 above estimates.
(CercleFinance.com) - Natixis' second quarter was again successful, with the French bank reporting after trading on Tuesday earnings, group share of 487 million euros, up 28% relative to April-June 2016.
Excluding extraordinary items, profit was also up of 26% y-o-y, at 528 million euros, well above the consensus of 356 million euros.
Risk provisions declined by 23% to 67 million euros, while net banking income rose by 9% to 2.41 billion euros. This also significantly exceeded the consensus of 2.22 billion euros.
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Excluding extraordinary items, profit was also up of 26% y-o-y, at 528 million euros, well above the consensus of 356 million euros.
Risk provisions declined by 23% to 67 million euros, while net banking income rose by 9% to 2.41 billion euros. This also significantly exceeded the consensus of 2.22 billion euros.
Copyright (c) 2017 CercleFinance.com. All rights reserved.