ABN AMRO Group NV

ABN AMRO Group NV is a company based in the Netherlands that provides various banking products and services. It operates through four segments: Retail Banking, offering banking products and services to individuals, such us labelled residential mortgage products and consumer loans; Commercial Banking, offering asset-based solutions, including working capital solutions, equipment leases and loans, and vendor lease services to business clients and clients in the commercial real estate industry; Private Banking, providing global wealth management solutions, as well as custom financial products and services under the ABN AMRO MeesPierson, ABN AMRO Private Banking, Banque Neuflize OBC and Benthmann Bank names, and Corporate & Institutional, offering loan products, such as structured finance and trade and commodity finance, flow products and specialized products comprising clearing and private equities to business clients. The Company also provides administrative services for mortgage loans.
  • TickerABN
  • ISINNL0011540547
  • ExchangeEuronext Amsterdam
  • SectorBanks
  • CountryNetherlands

Analysts

Louis-Clément AZAIS d'UHART

Analyse court terme - ABN AMRO GROUP NV-CVA : La moyenne mobile, haussière, confirme notre avis.

Lors de notre dernière analyse court terme (21/09/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 23,1 € et un niveau d'invalidation à 19,84 €. La tendance haussière se poursuit. Arguments : - La résistance majeure est dépassée. - Les...

Louis-Clément AZAIS d'UHART

Short term view - ABN AMRO GROUP NV-CVA : The rising moving average confirms our opinion.

In our previous short term analysis (21/09/2016), we were positive. We remain positive with a target at 23,1 € and an invalidation level at 19,84 €. The bullish trend unfolds. Arguments : - The major resistance has been breached. - Prices made a new all-time-high, this...

Stephen Ellis

As Expected, ABN Announced Further Cost-Cutting Measures, Reiterated Its Commitment to Restructuring

ABN Amro reported a decent third quarter with underlying profit showing a 19% improvement on last year. The increase came mainly on the back of lower impairment charges, a slight improvement in operating profit, and increased other income, driven by a EUR 52 million revaluation of Equens shares. Year-to-date reported profit was down by 11% year over year, mainly owing to increased operating expenses, decelerating fee and commission income, and one-off derivative charges related to small and mids...

Valérie GASTALDY

Analyse moyen terme - ABN AMRO GROUP NV-CVA : La moyenne mobile sert de support.

La tendance est toujours haussière, son niveau d'invalidation est sous 19,500 €. L'objectif est à 26,300 €.Arguments :- La moyenne mobile sert de support.

Valérie GASTALDY

Medium term view - ABN AMRO GROUP NV-CVA : The moving average is supporting prices.

The trend is still bullish, the invalidation level is below €19.500. The target is at €26.300.Arguments :- The moving average is supporting prices.

Philippe Lamaud

ABN AMRO : Des performances financières et opérationnelles toujours solides ; recommandations maintenues

Depuis notre initiation de couverture à la veille de son introduction en bourse (novembre 2015), ABN AMRO a poursuivi le renforcement de ses solides fondamentaux grâce à l’exécution d’une stratégie pertinente dans un contexte macro-économique favorable aux Pays-Bas (où la banque génère 80% de ses revenus). En l’absence de choc externe majeur, la croissance de l’économie domestique devrait se poursuive et soutenir les performances de la banque dans les années à venir. - ABN AMRO est l’une des grandes banques européennes les mieux capitalisées en risques pondérés (ratio CET1 fully-loaded de 17...

Philippe Lamaud

ABN AMRO : Operational and financial performance continues to be sound ; recommendations maintained

Since we initiated coverage on ABN AMRO ahead of its IPO (November 2015), ABN AMRO has continued to gradually strengthen its fundamentals through the execution of a relevant strategy, supported by a favourable macroeconomic environment in the Netherlands. In the absence of major external shock, growth in the domestic economy is expected to continue and support the bank’s performance in the coming years. - ABN AMRO is one of best capitalised entities among large European banks in risk weighted measures (CET1 fully-loaded by 17% at end-2016). According to our calculations, this ratio would enabl...

Philippe Lamaud

ABN AMRO : Des performances financières et opérationnelles toujours solides ; recommandations maintenues

Depuis notre initiation de couverture à la veille de son introduction en bourse (novembre 2015), ABN AMRO a poursuivi le renforcement de ses solides fondamentaux grâce à l’exécution d’une stratégie pertinente dans un contexte macro-économique favorable aux Pays-Bas (où la banque génère 80% de ses revenus). En l’absence de choc externe majeur, la croissance de l’économie domestique devrait se poursuive et soutenir les performances de la banque dans les années à venir. - ABN AMRO est l’une des grandes banques européennes les mieux capitalisées en risques pondérés (ratio CET1 fully-loaded de 17...

Philippe Lamaud

ABN AMRO : Operational and financial performance continues to be sound ; recommendations maintained

Since we initiated coverage on ABN AMRO ahead of its IPO (November 2015), ABN AMRO has continued to gradually strengthen its fundamentals through the execution of a relevant strategy, supported by a favourable macroeconomic environment in the Netherlands. In the absence of major external shock, growth in the domestic economy is expected to continue and support the bank’s performance in the coming years. - ABN AMRO is one of best capitalised entities among large European banks in risk weighted measures (CET1 fully-loaded by 17% at end-2016). According to our calculations, this ratio would enabl...

Stephen Ellis

As Expected, ABN Announced Further Cost-Cutting Measures, Reiterated Its Commitment to Restructuring

ABN Amro reported a decent third quarter with underlying profit showing a 19% improvement on last year. The increase came mainly on the back of lower impairment charges, a slight improvement in operating profit, and increased other income, driven by a EUR 52 million revaluation of Equens shares. Year-to-date reported profit was down by 11% year over year, mainly owing to increased operating expenses, decelerating fee and commission income, and one-off derivative charges related to small and mids...

Derya Guzel

ABN Amro is nearly a pure-play bet on the Dutch banking system.

ABN Amro reported a decent third quarter with underlying profit showing a 19% improvement on last year. The increase came mainly on the back of lower impairment charges, a slight improvement in operating profit, and increased other income, driven by a EUR 52 million revaluation of Equens shares. Year-to-date reported profit was down by 11% year over year, mainly owing to increased operating expenses, decelerating fee and commission income, and one-off derivative charges related to small and mids...

Derya Guzel

ABN Amro is nearly a pure-play bet on the Dutch banking system.

ABN Amro reported a decent third quarter with underlying profit showing a 19% improvement on last year. The increase came mainly on the back of lower impairment charges, a slight improvement in operating profit, and increased other income, driven by a EUR 52 million revaluation of Equens shares. Year-to-date reported profit was down by 11% year over year, mainly owing to increased operating expenses, decelerating fee and commission income, and one-off derivative charges related to small and mids...

Stephen Ellis

ABN Amro is nearly a pure-play bet on the Dutch banking system.

ABN Amro reported a decent third quarter with underlying profit showing a 19% improvement on last year. The increase came mainly on the back of lower impairment charges, a slight improvement in operating profit, and increased other income, driven by a EUR 52 million revaluation of Equens shares. Year-to-date reported profit was down by 11% year over year, mainly owing to increased operating expenses, decelerating fee and commission income, and one-off derivative charges related to small and mids...

Stephen Ellis

Lower Impairment Cost and Increased Revenue Resulted in Decent Operational Numbers for ABN in 2016

In line with our full-year estimate, ABN Amro posted EUR 1.8 billion net income on a reported basis, indicating a 6% decline over 2015. On an underlying basis, excluding the negative impact of EUR 271 million SME derivatives-related provisions set aside in second-quarter 2016, net income increased by 8% year over year, thanks to the significantly lower impairment charges and higher revenue generation. Overall, we deem the results improved when compared with 2015 supported by the improved economi...

1 director maiden bought

A director at Abn Amro Group Nv maiden bought 4,835 shares at 20.720EUR and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The nam...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Roland Pfaender
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 08/11/2018

Quelques semaines après que l’Etat ait officiellement mandaté des conseils pour travailler sur « l’architecture d’EDF », nous revenons sur les principales hypothèses d’évolution et leurs conséquences financières. Notre approche statu quo nous amène à une valorisation du titre entre 18.0 € (+20%) et 19.2 € (+28%), en fonction de la PPE, tandis que les hypothèses alternatives, avec régulation totale du nucléaire ou sanctuarisation du nucléaire, la porterait entre 22.5 € (+50%) et 24.0 €...

Alex Koagne ...
  • Alexandre Iatrides
  • Alfred Glaser
  • Anis Zgaya
  • Charles Lepetitpas
  • Delphine Brault
  • Emmanuel Matot
  • François Maury
  • Georges Dieng
  • Jean Sassus
  • Jerôme Bodin
  • Johanna Jourdain
  • Laurence Hofmann
  • Léopold Authié
  • Louis Boujard
  • Martial Descoutures
  • Matthias Desmarais
  • Philippe Ourpatian
  • Pierre Corby
  • Samantha Jeary
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau
  • Yan Derocles

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/08/2018

A few weeks after the French government officially mandated advisers to work on EDF’s “architecture”, we provide an update on the main scenarios and their financial consequences. Our status-quo approach gives a valuation of between € 18.0 (+20%) and € 19.2 (+28%), depending on the outcome of the Multiannual Energy Plan (MEP). Under alternative scenarios, with total regulation of the nuclear sector or segregation of nuclear power, our valuation ranges from € 22.5 (+50%) to € 24.0 (+71%...

Alex Koagne ...
  • Alfred Glaser
  • Benoit Valleaux
  • Bruno Cavalier
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 19/11/2018

...

Alex Koagne ...
  • Alfred Glaser
  • Benoit Valleaux
  • Bruno Cavalier
  • Delphine Brault
  • François Maury
  • Georges Dieng
  • Steven Gould
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/19/2018

...

Ahmed Ben Salem ...
  • Alfred Glaser
  • Benoit Valleaux
  • Christophe-Raphaël Ganet
  • Delphine Brault
  • Fatma Agnès Hamdani
  • Florent Laroche-Joubert
  • Jean Sassus
  • Louis Boujard
  • Martial Descoutures
  • Olivier Lebrun
  • Philippe Ourpatian
  • Pierre Corby
  • Pierre Tegner
  • Steven Gould

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/02/2019

...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

ABN AMRO BANK NV sees an upgrade to Slightly Positive due to a better fundamental star rating

The general evaluation of ABN AMRO BANK NV (NL), a company active in the Money Center Banks industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date September 10, 2019, the closing price was EUR 17.84 and its potential was estimated at EUR 19.23.

Philippe Lamaud

ABN AMRO : A stairway to haven; recommendations raised to ‘Buy’ on a strong credit operating in a solid economy

In uncertain times and volatile markets, we do not dare to promise investment heaven, but would suggest investors climbing a stairway to haven. A bank such as ABN AMRO with strong fundamentals, limited event risk and operating in a solid ‘core’ European economy with healthy prospects is an appealing investment call in our view in the current environment. Arguably, this comes with a price, and ABN AMRO’s debt instruments are not particularly cheap. While some flight to quality has...

Philippe Lamaud

ABN AMRO : A stairway to haven; recommendations raised to ‘Buy’ on a strong credit operating in a solid economy

In uncertain times and volatile markets, we do not dare to promise investment heaven, but would suggest investors climbing a stairway to haven. A bank such as ABN AMRO with strong fundamentals, limited event risk and operating in a solid ‘core’ European economy with healthy prospects is an appealing investment call in our view in the current environment. Arguably, this comes with a price, and ABN AMRO’s debt instruments are not particularly cheap. While some flight to quality has...

ING
Hendrik Wiersma ...
  • Jeroen van den Broek
  • Job Veenendaal
  • Nadège Tillier
  • Suvi Platerink Kosonen

Coffee, Croissants & Credit/ABN AMRO, UniCredit, Credit Agricole, RBI, KPN, Snam and the Euro primary market

ABN AMRO (ABNANV) reported lower earnings for 1Q19 as the decline in costs was not enough to offset the slide in revenues. The bank's capital metrics suffered from higher RWA driven by TRIM and model reviews. Slightly credit negative.

ING
Suvi Platerink Kosonen

ABN AMRO/Green Fatigue?/STABLE

ABN AMRO suffered from revenue headwinds and the bank's cost measures were not enough to offset this pressure. Net Income declined by 20% YoY in 1Q19. The bank's credit costs somewhat improved over the quarter. ABN AMRO has a solid capital position. That said, RWA dynamics are likely to keep pressure on its capital and MREL ratios this year. ABN AMRO has indicated that it plans to issue non-preferred senior this year. Meeting this year's MREL target would imply an issuance need of c.€800m. ABN AMRO has already issued four green bonds. We see value in the green ABNANV0.875 4/25 that has underpe...

Expert Corporate Governance Service (ECGS)

Etude l' AG du 08/08/2017

At this EGM, two new executive board members are proposed. We have no concerns with regard to both nominations.ABN AMRO Bank is a wholly-owned subsidiary of ABN AMRO Group. Currently, all shares in the capital of ABN AMRO Group are held by two foundations: NLFI and STAK AAG (Stichting Administratiekantoor beheer financiële instellingen and Stichting Administratiekantoor Continuiteit ABN AMRO respectively). The Dutch State holds an interest in ABN AMRO Group through NLFI. As per the sale of part of the NLFI shares in the Company in June 2017, NLFI holds approximately 63% and STAK AAG holds appr...

Expert Corporate Governance Service (ECGS)

proxy report 12/07/2018

On 5 February 2018 Ms Olga Zoutendijk announced her decision not to run for a second term as member of the Supervisory Board effective 1 July 2018 and to transfer her duties as Chairman of the Supervisory Board with immediate effect. The Supervisory Board proposes to appoint Mr Tom de Swaan as member and Chairman of the Supervisory Board for a term of four years.

ABN Amro – Proxinvest Corporate Governance Rating ® : B

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

ABN AMRO - 24 April 2019

In general, ABN AMRO is in compliance with the Dutch regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 8, approval is sought to merge ABN AMRO Group with ABN AMRO Bank N.V. ECGS endorses the strategic rationale for the proposed merger and other than the estimated cost-savings, the merger will likely not have any impact on the operations of the Company. The (proposed) merger will furthermore not affect the rights of shareholders, holders of depository receipts, creditors and/or other stakeholders. ECGS has no (special) concerns over this proposal...

Louis-Clément AZAIS d'UHART

Analyse court terme - ABN AMRO GROUP NV-CVA : La moyenne mobile, haussière, confirme notre avis.

Lors de notre dernière analyse court terme (21/09/2016), nous avions opté pour un avis positif. Nous restons positif avec un objectif à 23,1 € et un niveau d'invalidation à 19,84 €. La tendance haussière se poursuit. Arguments : - La résistance majeure est dépassée. - Les...

Louis-Clément AZAIS d'UHART

Short term view - ABN AMRO GROUP NV-CVA : The rising moving average confirms our opinion.

In our previous short term analysis (21/09/2016), we were positive. We remain positive with a target at 23,1 € and an invalidation level at 19,84 €. The bullish trend unfolds. Arguments : - The major resistance has been breached. - Prices made a new all-time-high, this...

Valérie GASTALDY

Analyse moyen terme - ABN AMRO GROUP NV-CVA : La moyenne mobile sert de support.

La tendance est toujours haussière, son niveau d'invalidation est sous 19,500 €. L'objectif est à 26,300 €.Arguments :- La moyenne mobile sert de support.

Valérie GASTALDY

Medium term view - ABN AMRO GROUP NV-CVA : The moving average is supporting prices.

The trend is still bullish, the invalidation level is below €19.500. The target is at €26.300.Arguments :- The moving average is supporting prices.

Valérie GASTALDY

Analyse moyen terme - ABN AMRO GROUP NV-CVA : La moyenne mobile sert de support.

La tendance est toujours haussière mais elle a ralenti. Son niveau d'invalidation est sous 17,700 €. L'objectif est à 23,904 €.Arguments :- La résistance est atteinte.- La moyenne mobile sert de support.

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