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”.
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