Natixis is a player in the European banking industry. As the banking partner of large companies in France, Co. also plays an active role in serving financial institutions (banks, insurance companies, pension funds, etc.). Co.'s activities are divided into in three main business lines: Wholesale Banking, Investment Solutions (Asset Management, Private Banking, Insurance, and Private Equity) and Specialized Financial Services. Co. operates in four geographical regions: France; other EU countries; North America (Canada, USA); and other OECD countries. As of Dec. 31 2013 Co.'s total assets totaled Euro510,131,000,000.
  • TickerKN
  • ISINFR0000120685
  • ExchangeEuronext Paris
  • SectorBanks
  • CountryFrance

Analysts

The consequences of Brexit in a Financial Company

The Brexit news has did collapse quotations of the Financial Sector. The present situation of the Sector (-4% Week To Date, -11% Month To Date and -8% Quarter To Date, Bloomberg Financial Index) is negative. The French Natixis is performing in a similar way compared to all the financial companies and its movements seems to be be even more drastic. We divide our report in 3 sectors: - Ratio summary- Peer group confrontation- Next 90/180 days share price movement forecasting using our proprietary “Evidence Based Performance Analysis”© approach​

Charles Gross

Capital Markets Group Sees Increased Profits While Coface Continues to Struggle for Natixis

Natixis reported half-year results that saw net income increasing in the second quarter to EUR 381 million from the EUR 200 million reported in the first quarter, however, both quarters were lower than results seen in 2015, leading to a decline in net income of 21% thus far this year. While net revenues have only declined 5% in the first half of 2016, largely due to weakness in the Financial Investments segment, expenses have increased 5%. Provisions for credit losses have also increased during ...

Valérie GASTALDY

Medium term view - NATIXIS : The bullish trend resumes after the consolidation.

In our previous medium term analysis (27/04/2016), we were bullish. We remain bullish with a target at 5,57 € and an invalidation level at 3,62 €. The bullish trend resumes after the consolidation.

Valérie GASTALDY

Analyse moyen terme - NATIXIS : La tendance haussière reprend après la consolidation.

Lors de notre dernière analyse moyen terme (27/04/2016), nous avions opté pour un avis haussier. Nous restons haussier avec un objectif à 5,57 € et un niveau d'invalidation à 3,62 €. La tendance haussière reprend après la consolidation.

Louis-Clément AZAIS d'UHART

Analyse court terme - NATIXIS : La moyenne mobile sert de support.

Lors de notre dernière analyse court terme (20/10/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 4,9 € et un niveau d'invalidation à 4,48 €. La tendance haussière se poursuit. Arguments : - La résistance est dépassée. - La moyenne...

Natixis: Semiannual Update

FINANCIAL INSTITUTIONS CREDIT OPINION 28 April 2017 Update RATINGS Natixis Domicile Paris, France Long Term Debt A2 Type Senior Unsecured - Fgn Curr Outlook Stable Long Term Deposit A2 Type LT Bank Deposits - Fgn Curr Outlook Stable Please see the 

Jean-Christophe Dourret

Natixis : Natixis - 31 mai 2018

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Jean-Christophe Dourret

Natixis : Natixis - 31 May 2018

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The consequences of Brexit in a Financial Company

The Brexit news has did collapse quotations of the Financial Sector. The present situation of the Sector (-4% Week To Date, -11% Month To Date and -8% Quarter To Date, Bloomberg Financial Index) is negative. The French Natixis is performing in a similar way compared to all the financial companies and its movements seems to be be even more drastic. We divide our report in 3 sectors: - Ratio summary- Peer group confrontation- Next 90/180 days share price movement forecasting using our proprietary “Evidence Based Performance Analysis”© approach​

Charles Gross

Capital Markets Group Sees Increased Profits While Coface Continues to Struggle for Natixis

Natixis reported half-year results that saw net income increasing in the second quarter to EUR 381 million from the EUR 200 million reported in the first quarter, however, both quarters were lower than results seen in 2015, leading to a decline in net income of 21% thus far this year. While net revenues have only declined 5% in the first half of 2016, largely due to weakness in the Financial Investments segment, expenses have increased 5%. Provisions for credit losses have also increased during ...

Johann Scholtz

Natixis is less risky but not risk-free.

All but ruined by the 2008 financial crisis, Natixis is one of Europe's most profitable banks today. Part of its turnaround strategy was to reduce its exposure to increasingly capital-intensive investment banking in favour of asset light insurance, asset management, and payment businesses. The increase in profitability and the perceived lower risk have turned Natixis into a darling of the market and one of the most highly rated banks in Europe.We are, however, not fully convinced that Natixis' c...

Johann Scholtz

French Banks: Clear Risks Not Reflected in Valuations

We have recently updated our economic moat ratings and fair value estimates for the French banking sector. We have downgraded our moat ratings for BNP Paribas and Credit Agricole to no-moat, we maintain our no-moat rating for Societe Generale, and we initiate coverage on Natixis with a no-moat rating. We maintain our respective fair value estimates for BNP Paribas and Credit Agricole at EUR 60, or 0.9 times tangible book value, and EUR 11, or 0.8 times tangible book value. We reduce our fair val...

Alex Koagne ...
  • Jean Sassus

Natixis : Acquisition d’une participation minoritaire dans WCM

>Accord de distribution exclusif et prise de participation - Natixis a annoncé hier l’acquisition d’une participation minoritaire de 24,9% dans la société de gestion d’actifs américaine WCM Investment Management (29 Md$ AuM) par sa filiale de gestion d’actifs Natixis Investment Managers (NIM). En marge de cette prise de participation, les deux parties ont conclu un accord de distribution exclusif à long terme (NIM sera responsable de la distribution des produits de WC...

1 director sold

A director at Natixis sold 32,292 shares at 5.127EUR and the significance rating of the trade was 63/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board members...

Alex Koagne ...
  • Bruno Hareng
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Léopold Authié
  • Michael Foundoukidis
  • Nicolas Kieffer

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/07/2018

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Alex Koagne ...
  • Bruno Hareng
  • Harald Eggeling
  • Jean Sassus
  • Jerôme Bodin
  • Laurence Hofmann
  • Léopold Authié
  • Michael Foundoukidis
  • Nicolas Kieffer

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/12/2018

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Alex Koagne ...
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Nicolas Kieffer
  • Stephane Houri
  • Steven Gould
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 13/09/2018

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Alex Koagne ...
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Léopold Authié
  • Nicolas Kieffer
  • Stephane Houri
  • Steven Gould
  • Veysel Taze

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 09/13/2018

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Alex Koagne ...
  • Emmanuel Matot
  • Michael Foundoukidis
  • Pierre Tegner
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 12/10/2018

Le développement d’ISS sur les services intégrés et les grands comptes devrait lui permettre d’accélérer sa croissance et d’accroître sa rentabilité. Outre le fort rebond opérationnel attendu en 2019, la solide génération de FCF sera le driver de la valorisation à moyen terme. Celle-ci nous paraît attractive à 10.5x en VE/EBIT 19e. - Cf. étude publiée ce jour. - ...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Thanks to a better fundamental star rating, NATIXIS sees an upgrade to Neutral

The independent financial analyst theScreener just awarded an improved star rating to NATIXIS (FR), active in the Money Center Banks industry. As regards its fundamental valuation, the title receives an improved star rating and now shows 3 out of 4 possible stars. With regard to its market behaviour, it remains unchanged and can be qualified as risky. theScreener considers that these elements allow slightly upgrading its rating to Neutral. As of the analysis date September 13, 2019, the closing price was EUR 3.83 and its expected value was estimated at EUR 3.59.

MarketLine Department

Societe Generale S.A. - Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments

Summary Marketline's Societe Generale S.A. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Societe Generale S.A. since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer a comprehensive breakdown of the organic and inorganic growth activity undertaken by an organization to sustain its competitive advanta...

Proxy Report - 23/05/2018

 La société soumet au vote de ses actionnaires les politiques de rémunération du Président du conseil et du Directeur général pour l'exercice à venir (vote Sapin 2 « contraignant ») en complément du vote également contraignant sur l'exercice passé. Si nous n'avons pas d'observations à faire sur la non-rémunération directe de François Pérol par Natixis qui permet d'approuver les résolutions 5 et 7, il n'en est pas de même avec la rémunération de Laurent Mignon. Bien que les montants soient tout à fait raisonnables, elle souffre d'un manque de transparence avec notamment l'absence de publication...

Proxy Report - 23/05/2018

Item 3: We alerted shareholders on several occasions regarding the excessive amount of dividends, which appear to be motivated by BPCE’s attempt to extract profits in its capacity as major shareholder as opposed to actual capital levels at Natixis itself. Item 5 and 7:  We have no concerns about the remuneration of the Chairman of the board, who receives his entire compensation directly from BPCE, and not from Natixis.  Items 6 and 8:  With slightly excessive quantum, a lack of transparency makes it difficult to assess the alignment between performance and remuneration for the CEO, Laurent Mig...

Natixis – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Natixis - AGM and EGM 28 May 2019

GOVERNANCE  On 1 June  2018, Laurent Mignon left his position as Chief Executive Officer to become Chairman of the Management Board of BPCE, Natixis' main shareholder with 71% of the capital. He succeeded François Pérol as Chairman of the Board of Directors of Natixis and François Riahi became the new Chief Executive Officer.  The Board remains composed of a majority of members who are not free of potential conflicts of interest, which makes it impossible to support most of the many co-optations and renewals proposed (resolutions 12 to 22).  REMUNERATION  Due to changes in governance, in a...

Charles Pinel

Natixis - Assemblée générale des actionnaires du 28 mai 2019

GOUVERNANCE Le 1er juin 2018, Laurent Mignon a quitté ses fonctions de Directeur Général pour devenir Président du Directoire de BPCE, principal actionnaire de Natixis avec 71% du capital. Il a succédé à François Pérol à la présidence du conseil d'administration de Natixis et François Riahi est devenu le nouveau Directeur Général. Le conseil demeure composé d'une majorité de membres non libres de conflits d'intérêts potentiels, ce qui ne permet pas de soutenir la plupart des nombreux cooptations et renouvellements proposés (résolutions 12 à 22). REMUNERATION En raison des évolutions de gou...

Valérie GASTALDY

Medium term view - NATIXIS : The bullish trend resumes after the consolidation.

In our previous medium term analysis (27/04/2016), we were bullish. We remain bullish with a target at 5,57 € and an invalidation level at 3,62 €. The bullish trend resumes after the consolidation.

Valérie GASTALDY

Analyse moyen terme - NATIXIS : La tendance haussière reprend après la consolidation.

Lors de notre dernière analyse moyen terme (27/04/2016), nous avions opté pour un avis haussier. Nous restons haussier avec un objectif à 5,57 € et un niveau d'invalidation à 3,62 €. La tendance haussière reprend après la consolidation.

Louis-Clément AZAIS d'UHART

Analyse court terme - NATIXIS : La moyenne mobile sert de support.

Lors de notre dernière analyse court terme (20/10/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 4,9 € et un niveau d'invalidation à 4,48 €. La tendance haussière se poursuit. Arguments : - La résistance est dépassée. - La moyenne...

Louis-Clément AZAIS d'UHART

Short term view - NATIXIS : The moving average is supporting prices.

In our previous short term analysis (20/10/2016), we were positive. We remain positive with a target at 4,9 € and an invalidation level at 4,48 €. The bullish trend unfolds. Arguments : - The resistance has been passed. - The moving average is supporting prices. -...

Valérie GASTALDY

Analyse moyen terme - NATIXIS : La résistance est proche.

La tendance est toujours haussière, son niveau d'invalidation est sous 3,890 €. L'objectif est à 5,530 €.Arguments :- La résistance est proche.

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