KN.PA - Natixis S.A.

Paris - Paris Delayed Price. Currency in EUR
3.5260
+0.0320 (+0.92%)
As of 10:48AM CEST. Market open.
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Previous Close3.4940
Open3.4800
BidN/A x N/A
AskN/A x N/A
Day's Range3.4670 - 3.5270
52 Week Range3.2620 - 6.1480
Volume599,753
Avg. Volume7,494,939
Market Cap11.108B
Beta (3Y Monthly)1.17
PE Ratio (TTM)6.57
EPS (TTM)0.5370
Earnings DateNov 7, 2019
Forward Dividend & Yield0.30 (8.42%)
Ex-Dividend Date2019-05-31
1y Target Est6.07
  • Thomson Reuters StreetEvents

    Edited Transcript of KN.PA earnings conference call or presentation 2-Aug-19 7:00am GMT

    Half Year 2019 Natixis SA Earnings Call

  • GlobeNewswire

    Number of shares and voting rights at July 31, 2019

    Name of issuer: NATIXIS – joint stock company (“SA”) with a share capital of €5,044,925,571.20Registered under nr. B 542 044 524 RCS ParisRegistered office: 30 avenue Pierre.

  • Bloomberg

    French Lenders Nurse Huge Losses on Loans Made to Retail Giant

    (Bloomberg) -- Credit Agricole SA and Natixis SA are among French lenders nursing losses on loans made to Rallye SA and other parent companies of retailing giant Casino Guichard-Perrachon SA, which are creaking under more than 3 billion euros ($3.3 billion) of debt.Natixis made a provision for credit losses of 110 million euros in the second quarter because of its loans to Rallye, which filed for creditor protection in May, according to a person familiar with the matter. Credit Agricole added 69 million euros to cover soured debts at the division that houses corporate and investment banking mostly because of the exposure to the same company, according to a separate person. The people asked not to be named because the matter is private.Representatives for the lenders declined to comment.This is the first tangible impact of Casino group’s troubles on its lenders. For years, banks have been lending to the holding companies of Casino, allowing founder Jean-Charles Naouri to keep control of the business. The retailer’s struggles against new market entrants and a mistimed expansion in South America weighed on its profitability and ability to repay the debt, eventually forcing the holding units to file for creditor protection.Rallye, the largest of these firms, had 1.8 billion euros of bank loans outstanding at the end of June, of which 210 million euros are unsecured.Casino also told investors last month Rallye and other parent companies have an additional 323 million euros of structured financing arrangements secured by share pledges. Societe Generale SA won a court ruling in Paris last month that allows it to call on the pledge even if Rallye is under creditor protection.Societe Generale’s net cost of risk rose to 314 million euros in the second quarter because of a number of troubled corporate loans, including those to Rallye, a separate person familiar said.A spokesman for the bank said that the company’s cost of risk stayed at a low level, with a limited impact stemming from a few specific situations. He declined to comment on individual clients.\--With assistance from Luca Casiraghi.To contact the reporters on this story: Donal Griffin in London at dgriffin10@bloomberg.net;Gaspard Sebag in Paris at gsebag@bloomberg.net;Lucca de Paoli in London at gdepaoli1@bloomberg.netTo contact the editors responsible for this story: Ambereen Choudhury at achoudhury@bloomberg.net, Sara Marley, James AmottFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Moody's

    Brignole CO 2019-1 S.r.l. -- Moody's assigns definitive ratings to Italian consumer loan ABS Notes issued by Brignole CO 2019-1 S.r.l.

    Rating Action: Moody's assigns definitive ratings to Italian consumer loan ABS Notes issued by Brignole CO 2019-1 S.r.l. Global Credit Research- 01 Aug 2019. London, 01 August 2019-- Moody's Investors ...

  • PR Newswire

    Arroyo and Natixis close PMGD financing of solar PV projects in Chile

    NEW YORK , July 31, 2019 /PRNewswire/ -- ARCO 3 SpA ("ARCO") and Natixis have successfully closed senior facilities totaling US$69.1 million for the up-to-70MW portfolio of solar PV plants in ...

  • When Should You Buy Natixis S.A. (EPA:KN)?
    Simply Wall St.

    When Should You Buy Natixis S.A. (EPA:KN)?

    Today we're going to take a look at the well-established Natixis S.A. (EPA:KN). The company's stock saw a double-digit...

  • GlobeNewswire

    Natixis statement regarding Coface

    Natixis states that, as previously indicated, its investment in Coface is financial in nature and not strategic. In this context, Natixis regularly explores options for its.

  • Reuters

    Exclusive: Apollo Global makes offer for France's Coface - sources

    The potential deal would allow Natixis, owned by French cooperative lender BPCE, to cash out on its remaining 42 percent stake in Coface following an initial public offering of the company in 2014. The deal talks between Apollo and Coface are at an early stage, and there is no certainty they will result in an agreement, the sources said, asking not to be identified because the matter is confidential. Coface did not immediately respond to a request for comment, while Apollo declined to comment.

  • Moody's

    Small Business Origination Loan Trust 2019-2 DAC -- Moody's assigns definitive ratings to four classes of SME notes issued by Small Business Origination Loan Trust 2019-2 DAC

    Moody's has not assigned ratings to GBP 24.36M Class E Floating Rate Asset-Backed Notes, GBP 11.59M Class X Floating Rate Asset-Backed Notes and GBP 11.59M Class Z Variable Rate Asset-Backed Notes which are also issued by the Issuer. SBOLT 2019-2 is a securitization backed by a static pool of small business loans originated through Funding Circle Ltd's ("Funding Circle") online lending platform and is the fourth transaction of its series.

  • Moody's

    Brignole CO 2019-1 S.r.l. -- Moody's assigns provisional ratings to Italian consumer loan ABS Notes to be issued by Brignole CO 2019-1 S.r.l.

    Rating Action: Moody's assigns provisional ratings to Italian consumer loan ABS Notes to be issued by Brignole CO 2019-1 S.r.l. Moody's has not assigned any ratings to the EUR [ ] Class F Asset Backed Floating Rate Notes due July 2034.

  • GlobeNewswire

    Half-yearly report relative to the liquidity contract entered into between Natixis and Oddo BHF SCA

    Paris July 9, 2019 Half-yearly report relative to the liquidity contract entered into between NATIXIS and ODDO BHF SCA Under the liquidity contract relative to NATIXIS shares,.

  • GlobeNewswire

    Number of shares and voting rights at June 30, 2019

    Name of issuer: NATIXIS – joint stock company (“SA”) with a share capital of €5,044,925,571.20Registered under nr. B 542 044 524 RCS ParisRegistered office: 30 avenue Pierre.

  • Moody's

    Polaris 2019-1 plc -- Moody's assigns definitive ratings to RMBS Notes issued by Polaris 2019-1 plc

    Rating Action: Moody's assigns definitive ratings to RMBS Notes issued by Polaris 2019-1 plc. Global Credit Research- 02 Jul 2019. GBP 262.4 million RMBS Notes rated, relating to a portfolio of UK residential ...

  • H2O? Woodford? Pah. Life Is Grand in Fundland
    Bloomberg

    H2O? Woodford? Pah. Life Is Grand in Fundland

    (Bloomberg Opinion) -- With the explosions that have rattled Natixis SA’s H2O Asset Management and Neil Woodford’s flagship fund dominating the headlines in recent weeks and months, it’s worth noting that the environment for the European fund management industry as a whole is actually not as bad as those idiosyncratic blow-ups might suggest.The share prices of the region’s biggest asset managers have bounced back from the trashing they underwent last year. That’s partly because of lingering expectations that the sector is overdue for a bout of mergers and acquisitions. But it also reflects the likelihood that clients have been putting money to work, reversing the outflows that the industry suffered last year.Amundi SA reckons that $100 billion was withdrawn from European mutual funds in the final three months of 2018. Figures just released by the European Fund and Asset Management Association and the Investment Company Institute show investment fund assets in the region grew by 6.8% in the first quarter compared to the fourth, rising to 15.77 trillion euros ($18 trillion).Equity gains are clearly helping to tempt investors back into the markets. The Stoxx Europe 600 Index is up by more than 13% this year, putting it on track to deliver its best first-half gain since 1998, according to figures compiled by my Bloomberg News colleague Namitha Jagadeesh:And in fixed income markets, expectations that the Federal Reserve will lead the way in prompting central banks to ease monetary policy anew have helped goose bond market returns around the world:Challenges for the industry persist. The concerns about illiquid holdings, that have prompted investors to withdraw billions of euros and pounds from portfolios managed by H20 and Woodford, look set to spark a new bout of oversight and rules from the regulators. And those two episodes will only accelerate the shift into low-cost index tracking funds, to the ongoing detriment of active managers.But for now, life is about as good as it’s going to get for European funds. The bad news? It’s likely to delay – yet again – the much-need and long-anticipated consolidation that the industry still sorely needs.To contact the author of this story: Mark Gilbert at magilbert@bloomberg.netTo contact the editor responsible for this story: Jennifer Ryan at jryan13@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Moody's

    Small Business Origination Loan Trust 2019-2 DAC -- Moody's assigns provisional ratings to four classes of SME Notes to be issued by Small Business Origination Loan Trust 2019-2 DAC

    Rating Action: Moody's assigns provisional ratings to four classes of SME Notes to be issued by Small Business Origination Loan Trust 2019-2 DAC. Global Credit Research- 25 Jun 2019. GBP million of securities ...

  • Does Natixis (EPA:KN) Deserve A Spot On Your Watchlist?
    Simply Wall St.

    Does Natixis (EPA:KN) Deserve A Spot On Your Watchlist?

    It's only natural that many investors, especially those who are new to the game, prefer to buy shares in 'sexy' stocks...

  • H2O’s Reach for Yield Sounds an Industry-Wide Alarm
    Bloomberg

    H2O’s Reach for Yield Sounds an Industry-Wide Alarm

    (Bloomberg Opinion) -- Enter the phrase “reach for yield” into Google, and the search engine will return 335,000 results in less than a second. So no-one should be blindsided by the revelation that investment managers have been tempted to boost returns by buying riskier securities in recent years. Regulators should still be asking hard questions right now of the portfolio managers they oversee.H2O Asset Management, a unit of French bank Natixis SA, is seeing billions of euros head for the door after the Financial Times reported last week that the fund had bought a bunch of bonds linked to entrepreneur Lars Windhorst.While the firm was transparent in reporting the securities it held, it took the FT to trace the threads between an Italian lingerie maker and a German real estate company and link them back to Windhorst. To investors, it looks like H2O loaned a large sum of money to the entrepreneur, dressing its actions up as a series of uncorrelated investments in private bonds sold by a diverse range of companies.Announcing a package of measures intended to stem the withdrawals, Natixis said on Monday that the fund had switched to “record these securities at their transactional value in case of an immediate total sale, rather than recording them at their standard market value.”I have no idea what the alleged standard market value for such illiquid securities would be and, I would suggest, neither does H20, no matter how hard it worked its spreadsheet to perform whatever cashflow analysis it could on Windhorst’s companies. But after “valuations obtained this Sunday from international banks,” H2O has revalued its holdings.H2O isn’t saying what the new, lower “transactional” valuations are. But the drop in the bonds’ aggregate weighting in the funds to less than 2% of assets under management, down from as much as 9.7% less than a week ago, gives some flavor of the discounts being applied.The move suggests Bruno Crastes, H2O’s co-founder and chief executive officer, is considerably less ebullient about those unlisted investments than he was in a video posted by the H24 Finance news service on Friday. In the English transcript of that interview supplied by H2O’s public relations firm, Crastes says that “obviously there is no reason for us to not continue in the future to invest in those private bonds.”That didn’t stop his firm from selling about 300 million euros ($342 million) of the private placements at the end of last week, according to my colleagues at Bloomberg News. Presumably the price those sales fetched is closer to the values produced by Sunday’s ringing around, rather than the market values ascribed to the bonds a week ago.  But there’s a wider issue here than one fund manager juicing its returns. The reach for yield referred to at the start of this article is likely to have become even more desperate in recent years – and financial regulators need to be on their toes to safeguard the public from portfolio managers playing fast and loose with what counts as a liquid investment.Some $13 trillion of what we still laughingly refer to as the fixed-income market currently generates negative yields, meaning the only fixed aspect of the securities is that buyers end up paying for the privilege of stashing their cash in bonds:Even the $2.4 trillion global market for high-yield bonds is undergoing something of an identity crisis as non-investment grade debt offers less than two-thirds of the average yield investors have enjoyed in the past twenty years:With yields on government bonds at record lows in several countries, the temptation to roll down the credit curve into lower- or even non-rated fixed-income securities becomes harder to resist. And the risk of investors getting spooked and all heading for the exit at once has been shown to be a clear and present danger by the recent exoduses endured by H20, Neil Woodford and Swiss asset manager GAM Holding AG.Financial markets are built on several different types of origami. They range from the relatively simple maturity transformation of borrowing short-term money and lending it for a longer period, to more complex engineering such as collateralized debt obligations that slice securities into different risk buckets.Liquidity transformation, though, arguably poses the biggest risk to investors, since it can lead to their hard-earned capital being trapped in investments that turn out to be far harder to sell than the marketing brochures might have you believe. Here’s where the shoe has pinched three times in the past year; so liquidity, or rather the lack thereof, is exactly where regulators should be focusing their attention, to unearth any landmines before stretched valuations in the credit market cause the next financial crisis.To contact the author of this story: Mark Gilbert at magilbert@bloomberg.netTo contact the editor responsible for this story: Edward Evans at eevans3@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Mark Gilbert is a Bloomberg Opinion columnist covering asset management. He previously was the London bureau chief for Bloomberg News. He is also the author of "Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Moody's

    Natixis Bank JSC -- Moody's withdraws the ratings of Russia's Natixis Bank JSC

    Rating Action: Moody's withdraws the ratings of Russia's Natixis Bank JSC. Global Credit Research- 24 Jun 2019. London, 24 June 2019-- Moody's Investors Service has today withdrawn the following ratings ...