Investing.com - Natixis reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Natixis announced earnings per share of €0.06 on revenue of €2.09B. Analysts polled by Investing.com anticipated EPS of €0.047 on revenue of €2.14B.
Natixis shares are up 45% from the beginning of the year, still down 2.30% from its 52 week high of €4.17 set on March 8. They are outperforming the STOXX 600 which is up 10.52% from the start of the year.
Natixis follows other major Financial sector earnings this month
Natixis's report follows an earnings beat by BNP Paribas on April 30, who reported EPS of €1.12 on revenue of €11.83B, compared to forecasts EPS of €0.991 on revenue of €11.23B.
Amundi had beat expectations on April 29 with first quarter EPS of €1.53 on revenue of €770M, compared to forecast for EPS of €1.28 on revenue of €689.29M.
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