ABN AMRO Group NV

ABN AMRO Group NV is a Netherlands-based financial institution engaged in the provision of banking products and services. The Company's activities are organized into four segments: Retail Banking, offering a range of banking and insurance products and services through branch and online network, contact centers and subsidiaries, serving retail and preferred banking clients, as well as small and medium enterprises (SMEs); Private Banking, providing global wealth management solutions, as well as custom financial products and services; Corporate Banking, delivering products to commercial customers, real estate investors, financial institutions, and entities involved in Diamond & Jewellery and Energy, Commodities & Transportation (ECT) areas, among others, as well as providing products and services related to capital markets, including clearing; and Group Functions, comprising corporate menegement operations. The Company operates in Europe, North America, South America, Australia and Asia.
  • TickerABN
  • ISINNL0011540547
  • ExchangeEuronext Amsterdam
  • SectorBanks
  • CountryNetherlands

Analysts

Matthieu DRIOL

Short term view - ABN AMRO GROUP NV-CVA : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €24.83 and then €26.04. The break of €20.95 would endanger the trend.

Matthieu DRIOL

Analyse court terme - ABN AMRO GROUP NV-CVA : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 24,83 € puis 26,04 €. La rupture de 20,95 € mettrait la tendance en danger.

Matthieu DRIOL

Analyse moyen terme - ABN AMRO GROUP NV-CVA : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 24,81 € puis 26,76 €. La rupture de 21,24 € mettrait la tendance en danger.

Matthieu DRIOL

Medium term view - ABN AMRO GROUP NV-CVA : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €24.81 and then €26.76. The break of €21.24 would endanger the trend.

Matthieu DRIOL

Short term view - ABN AMRO GROUP NV-CVA : The trend is bullish.

The trend is bullish. Prices are making further progress. The targets are at €24.83 and then €26.04. The break of €20.95 would endanger the trend.

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...

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...

Derya Guzel

Morningstar | ABN’s First-Half Net Income In Line With Our Expectations; FVE Maintained

No-moat ABN’s first-half 2018 net income decreased by 19% to EUR 1.3 billion, mainly caused by the PB Asia divestment sale proceeds and the effect of the impairment releases in first-half 2017. On the core revenue side, net interest income increased by 4% due to an incidental release of penalty fees, volume growth and improved margins on corporate loans, and higher mortgage penalty fees, while net fee and commission income declined 4%. We maintain our fair value estimate of EUR 29 per share, along with our no-moat rating. Operating cost for the period decreased by 4% year over year, mainly du...

Derya Guzel

ABN’s First-Half Net Income In Line With Our Expectations; FVE Maintained

No-moat ABN’s first-half 2018 net income decreased by 19% to EUR 1.3 billion, mainly caused by the PB Asia divestment sale proceeds and the effect of the impairment releases in first-half 2017. On the core revenue side, net interest income increased by 4% due to an incidental release of penalty fees, volume growth and improved margins on corporate loans, and higher mortgage penalty fees, while net fee and commission income declined 4%. We maintain our fair value estimate of EUR 29 per share, alo...

ING
Research Department

Benelux Morning Notes

ABN AMRO: What a difference a quarter can make Ageas: Asian impairments weigh on results – new €200m SBB Ahold Delhaize: Weak performance in US offset by the Netherlands, FY guidance reiterated Corbion: As sweet as could be expected Staffing Sector: Dutch figs; period 7: vol +2% and rev +5%, (was vol +1% and rev +4%); trend stabilised but on easy comps

Alan Vandenberghe ...
  • Guy Sips
  • Jason Kalamboussis
  • Sandra Cauwenberghs
  • Wim Hoste

KBC Securities Morning Note 8-8-2018 ABI BB, ABN NA, AGN NA, AGS BB, AD NA, CRBN NA, MTLS US, MITRA BB

AB InBev: Feedback Capital Markets Event ABN Amro: 2Q vindicates both our points on costs & capital AEGON: Another sale of run off businesses, another tick Ageas: 2Q Buyback is back but lower Belgian/Asian results Ahold Delhaize: Good 2Q18 results, TP upped to € 24 Corbion: 2Q18 results Materialise: 2Q18 showed again the potential of ACTech Mithra: Positive results for Estelle EU/Russia phase III

ING
Research Department

Benelux Morning Notes

ABN AMRO: CIB and risk costs in focus AEGON: Webinar in mid-June paved the way for a ‘normal' set of results Arcadis: Preview 1H18: Focus on more than results Belgian telco: Gov't agreement of 4th mobile player, Brussels area to accept 5G roll out Randstad: 2Q18 results - small beat and surprisingly strong June/July Wereldhave: stable trend but still slipping Wessanen: Crushed by competition

1 director maiden bought

A director at Abn Amro Group Nv maiden bought 12,500 shares at 24.160EUR and the significance rating of the trade was 88/100. 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. ...

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...

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.

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...

Matthieu DRIOL

Short term view - ABN AMRO GROUP NV-CVA : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €24.83 and then €26.04. The break of €20.95 would endanger the trend.

Matthieu DRIOL

Analyse court terme - ABN AMRO GROUP NV-CVA : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 24,83 € puis 26,04 €. La rupture de 20,95 € mettrait la tendance en danger.

Matthieu DRIOL

Analyse moyen terme - ABN AMRO GROUP NV-CVA : La progression des cours se poursuit.

La tendance est haussière. La progression des cours se poursuit. Les objectifs sont à 24,81 € puis 26,76 €. La rupture de 21,24 € mettrait la tendance en danger.

Matthieu DRIOL

Medium term view - ABN AMRO GROUP NV-CVA : Prices are making further progress.

The trend is bullish. Prices are making further progress. The targets are at €24.81 and then €26.76. The break of €21.24 would endanger the trend.

Matthieu DRIOL

Short term view - ABN AMRO GROUP NV-CVA : The trend is bullish.

The trend is bullish. Prices are making further progress. The targets are at €24.83 and then €26.04. The break of €20.95 would endanger the trend.

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