Natixis: 9m 2018 reported earnings up 15%

(CercleFinance.com) - Underlying net banking income rose by 3% over one year to 2.
3 billion euros in Q3, with a sharp rise in revenues from AWM (+7%), Insurance (+9%), Payments (+16%) and Coface (+8%).
BGC's revenues are up at a constant consolidation scope (excluding CVA/DVA).

Q3 net income, group share, adjusted for the impact of IFRIC 21 and excluding exceptional items amounts to 388 million euros, up 5% y-o-y. When integrating extraordinary items (-17 million euros, net of tax in Q3 18) and the Impact of IFRIC 21 (+50 million euros in Q3 18), net income, group share reached 422 million euros, up 10%.

Over 9 months, underlying net banking income is up 6% over one year at 7.3 billion euros at constant exchange rates, in particular with a significant increase in AWM revenue (+14% at constant exchange rates), Insurance (+8%), Payments (+15%) and Coface.



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