ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) saw unusually-strong trading volume on Wednesday. 86,152 shares traded hands during mid-day trading, an increase of 274% from the average daily volume of 23,023 shares. The stock last traded at $44.82 and had previously closed at $44.7720.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on the company. Zacks Research downgraded ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a report on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Finally, Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Research Report on ABN AMRO Bank
ABN AMRO Bank Stock Down 1.5%
The stock has a market capitalization of $36.23 billion and a price-to-earnings ratio of 13.63. The firm has a 50-day moving average of $47.58 and a 200 day moving average of $40.32. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.97.
ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.67 billion. On average, sell-side analysts anticipate that ABN AMRO Bank will post 3.63 earnings per share for the current year.
About ABN AMRO Bank
ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.
Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.
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