Natixis releases Q4 2019 financial results, delivering growth across the board
February 14, 2020
Natixis has released its financial results for the fourth quarter of 2019, showing net profit more than doubled, driven by a sharp increase in fixed income and equity trading.
Fourth quarter net income rose to €371 million from €181 million a year ago. Revenues rose to €2.5 billion from €2.04 billion in the same period a year ago. Underlying revenues for CIB were up 16% YoY in Q4, primarily driven by global markets and a historically high quarter for investment banking and M&A.
François Riahi, Natixis’ Chief Executive Officer said: “In 2019, Natixis recorded very sound results with each of our four businesses growing revenues faster than costs. The fourth quarter of 2019 notably represented Natixis’ best-ever quarter in terms of revenue and gross operating income generated”.
The news was covered by Reuters, This is Money, Sharenet, S&P Global Market Intelligence, Street Insider, Bloomberg, Wall Street Journal, Oil and Gas 360, Yahoo Finance, Shares magazine, Globenewswire, Finanzen, Wallstreet Online, ANSA, Il Sole 24 Ore Radiocor, Borsa Italiana, Il Sole 24 Ore, Il Giornale, Europa Press, La Vanguardia, Expansion, Teleprensa, Bolsamania, Siglo XXI, El Boletin.
TAGS: Financial Services