ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) announced its earnings results on Wednesday. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13, Zacks reports. ABN AMRO Bank had a return on equity of 8.64% and a net margin of 13.64%.
ABN AMRO Bank Trading Up 4.9%
Shares of AAVMY traded up $2.27 during mid-day trading on Wednesday, reaching $48.24. 6,251 shares of the company’s stock traded hands, compared to its average volume of 22,467. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $42.78 and its two-hundred day moving average is $37.59. ABN AMRO Bank has a 12 month low of $28.42 and a 12 month high of $48.38. The stock has a market cap of $39.70 billion and a P/E ratio of 16.35.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on AAVMY shares. Zacks Research raised ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a research note on Friday, July 17th. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a research report on Wednesday, July 22nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a research report on Friday, July 3rd. Finally, Morgan Stanley restated an “overweight” rating on shares of ABN AMRO Bank in a research note on Thursday, May 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy”.
ABN AMRO Bank Company Profile
ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.
The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.
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