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

Johann Scholtz

Morningstar | Natixis Has Decent 3Q 2018 Results; No Ingenico Takeover

No-moat Natixis reported net income of EUR 422 million for the third quarter of 2018, 10% ahead of the year-ago period. Revenue increased by 8% for the quarter relative to second-quarter 2017 to EUR 2.4 billion. Costs were well controlled; Natixis' cost/income ratio improved to 68% (69% in second-quarter 2017). This led to a 13% increase in pre-provision profits. The disposal of Natixis' retail banking activities (largely consumer finance) to parent BPCE remains on track. Natixis played down speculation that it is set for a full takeover of payments company Ingenico. We maintain our EUR 5 fair...

Johann Scholtz

Natixis Has Decent 3Q 2018 Results; No Ingenico Takeover

No-moat Natixis reported net income of EUR 422 million for the third quarter of 2018, 10% ahead of the year-ago period. Revenue increased by 8% for the quarter relative to second-quarter 2017 to EUR 2.4 billion. Costs were well controlled; Natixis' cost/income ratio improved to 68% (69% in second-quarter 2017). This led to a 13% increase in pre-provision profits. The disposal of Natixis' retail banking activities (largely consumer finance) to parent BPCE remains on track. Natixis played down spe...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

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Alex Koagne ...
  • Jean Sassus

Natixis : Solid Q3 2018, management reassures on strategy

>Buy recommendation confirmed - Q3 2018 results lent weight to our Buy recommendation on the stock. The group’s fundamentals remain solid and we think that management is on the right track to reaching 2020 targets. Moreover, we think that management’s recap on the strategy is reassuring, notably regarding the dividend policy. Whilst we are expecting an upward revision to the consensus estimates, we have adjusted slightly down our 2018-2020e EPS forecasts by 3% to fact...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

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Jean-Christophe Dourret

Natixis : Natixis - 31 May 2018

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Jean-Christophe Dourret

Natixis : Natixis - 31 mai 2018

...

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 

Johann Scholtz

Morningstar | Natixis Has Decent 3Q 2018 Results; No Ingenico Takeover

No-moat Natixis reported net income of EUR 422 million for the third quarter of 2018, 10% ahead of the year-ago period. Revenue increased by 8% for the quarter relative to second-quarter 2017 to EUR 2.4 billion. Costs were well controlled; Natixis' cost/income ratio improved to 68% (69% in second-quarter 2017). This led to a 13% increase in pre-provision profits. The disposal of Natixis' retail banking activities (largely consumer finance) to parent BPCE remains on track. Natixis played down speculation that it is set for a full takeover of payments company Ingenico. We maintain our EUR 5 fair...

Johann Scholtz

Natixis Has Decent 3Q 2018 Results; No Ingenico Takeover

No-moat Natixis reported net income of EUR 422 million for the third quarter of 2018, 10% ahead of the year-ago period. Revenue increased by 8% for the quarter relative to second-quarter 2017 to EUR 2.4 billion. Costs were well controlled; Natixis' cost/income ratio improved to 68% (69% in second-quarter 2017). This led to a 13% increase in pre-provision profits. The disposal of Natixis' retail banking activities (largely consumer finance) to parent BPCE remains on track. Natixis played down spe...

Alex Koagne ...
  • Jean Sassus

Natixis : Solid Q3 2018, management reassures on strategy

>Buy recommendation confirmed - Q3 2018 results lent weight to our Buy recommendation on the stock. The group’s fundamentals remain solid and we think that management is on the right track to reaching 2020 targets. Moreover, we think that management’s recap on the strategy is reassuring, notably regarding the dividend policy. Whilst we are expecting an upward revision to the consensus estimates, we have adjusted slightly down our 2018-2020e EPS forecasts by 3% to fact...

Alex Koagne ...
  • Jean Sassus

Natixis : Solide T3 18, le management rassure sur la stratégie

>Opinion Achat confirmée - Les résultats du T3 2018 confortent notre opinion Achat sur le titre. Les fondamentaux du groupe reste solides et nous estimons que le management est en bonne voie pour atteindre les objectifs 2020. Par ailleurs, nous pensons que la mise au point du management sur la stratégie est de nature à rassurer, notamment sur la politique de dividende. Si nous anticipons une révision à la hausse des attentes du consensus, nous avons légèrement ajusté ...

Alex Koagne ...
  • Benoit Valleaux
  • Bruno Cavalier
  • Fehmi Ben Naamane
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Olfa Taamallah
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/05/2018

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Two Directors sold 128,302 shares at between 6.458EUR and 6.476EUR.

Two Directors at Natixis sold 128,302 shares at between 6.458EUR and 6.476EUR. The significance rating of the trade was 85/100. 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. ...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/09/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Antoine Boivin-Champeaux
  • Benoit Valleaux
  • Bruno Cavalier
  • Christophe Chaput
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Léopold Authié
  • Louis Boujard
  • Matthias Desmarais
  • Michael Foundoukidis
  • Philippe Ourpatian
  • Rémi Adam
  • Roland Pfaender
  • Stephane Houri
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 09/11/2018

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Alex Koagne ...
  • Christophe Chaput
  • Emmanuel Matot
  • Hana Maalej
  • Harold De Decker
  • Jean Sassus
  • Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 10/17/2018

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Ahmed Ben Salem ...
  • Alex Koagne
  • Antoine Boivin-Champeaux
  • Florent Laroche-Joubert
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Jerôme Bodin
  • Oussema Denguir
  • Pierre Tegner
  • Pierre Corby
  • Stephane Houri
  • Valentin Pernet
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 10/17/2018

...

Alex Koagne ...
  • Christophe Chaput
  • Emmanuel Matot
  • Hana Maalej
  • Harold De Decker
  • Jean Sassus
  • Jerôme Bodin

ODDO BHF Small & MIDCAP MORNING NEWS - 17/10/2018

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NATIXIS sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of NATIXIS (FR), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 21, 2018, the closing price was EUR 6.11 and its potential was estimated at EUR 6.56.

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...

Anaïs Dudout

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...

Anaïs Dudout

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...

Matthieu DRIOL

Analyse court terme - NATIXIS : Les prix baissent.

La tendance de fond est clairement orientée à la baisse. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 4,758 €. La tendance de fond serait remise en cause en cas de franchissement de 6,148 €.

Matthieu DRIOL

Short term view - NATIXIS : Falling prices.

The background trend is clearly bearish. Prices are falling again, but the movement has become hesitant. The next support is at €4.758. The background trend would be questioned should prices rise above €6.148.

Matthieu DRIOL

Short term view - NATIXIS : The background trend is clearly bearish.

The background trend is clearly bearish. The movement goes on. The next target is at €4.758, then €4.535. Passing €6.148 would question the continuation of the fall.

Matthieu DRIOL

Analyse court terme - NATIXIS : La tendance de fond est clairement orientée à la baisse.

La tendance de fond est clairement orientée à la baisse. Le mouvement se poursuit. Le prochain objectif est à 4,758 €, puis 4,535 €. Le franchissement de 6,148 € remettrait en cause la suite de la baisse.

Valérie GASTALDY

Medium term view - NATIXIS : The trend is bearish.

The trend is bearish. The movement goes on. The next target is at €4.553, then €3.735. Passing €6.210 would question the continuation of the fall.

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