AXA SA
CS: XPAR (FRA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€72.00 | Psrb | Bvfx |
AXA Earnings: Good Performance Overshadowed by Mergers and Acquisitions
AXA has, by and large, reported a good set of results for first-half 2024 with underlying earnings and underlying EPS ahead of our forecasts for the full year. They are also ahead of company-compiled consensus. However, these good results have been overshadowed by the lure of, and AXA’s appetite for, mergers and acquisitions.