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

Alexander Makar ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs

KBC Securities Morning Note 30-11-2018 ABN NA, AED BB, CYAD BB, ELI BB, MIKO BB

ABN Amro: A warning and A wish Aedifica: New € 4m acquisition in Germany Celyad: CYAD-101 1st patient dosed, all rights back to Celyad Elia Group: German FY18 financial outlook raised slightly Miko: Taking over Norwegian company Kaffebryggeriet

Alexander Makar ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis

KBC Securities Morning Note 23-11-2018 ABN NA, ACKB BB, CFEB BB, KIN BB, VGP BB, XIOR BB

ABN Amro: Diamonds aren’t forever (focus on CIB) Ackermans: Q3 results mainly in line, mixed CFE/DEME results CFE: Mixed 3Q18 results Kinepolis: Judgment against Kinepolis on procedural grounds VGP: 3Q18 trading update: Amazon n.2 Xior: Feedback CMD: why to choose for The Netherlands?

1 director bought

A director at Abn Amro Group Nv bought 5,000 shares at 22.400EUR and the significance rating of the trade was 54/100. 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 names of b...

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Sandra Cauwenberghs
  • Wim Hoste

KBC Securities Morning Note 21-11-2018 ABN NA, AGN NA, CYAD BB, EXM BB, GREEN BB, NYR BB

ABN Amro: Disquiet should not distract AEGON: CEO 4 another 4Y? UK deal. Shares weak, bold Buy. Celyad: 3Q18 update: start allogeneic CAR-T for solid YE18 EXMAR: Argentinian contract for FLNG Greenyard: 1H impacted by impairments, guidance reiterated Nyrstar: New working capital facility with Trafigura

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

...

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...

Alexander Makar ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis
  • Lenny Van Steenhuyse
  • Sandra Cauwenberghs

KBC Securities Morning Note 30-11-2018 ABN NA, AED BB, CYAD BB, ELI BB, MIKO BB

ABN Amro: A warning and A wish Aedifica: New € 4m acquisition in Germany Celyad: CYAD-101 1st patient dosed, all rights back to Celyad Elia Group: German FY18 financial outlook raised slightly Miko: Taking over Norwegian company Kaffebryggeriet

Alexander Makar ...
  • Bart Cuypers
  • Cedric Duinslaeger
  • Guy Sips
  • Jan Opdecam
  • Jason Kalamboussis

KBC Securities Morning Note 23-11-2018 ABN NA, ACKB BB, CFEB BB, KIN BB, VGP BB, XIOR BB

ABN Amro: Diamonds aren’t forever (focus on CIB) Ackermans: Q3 results mainly in line, mixed CFE/DEME results CFE: Mixed 3Q18 results Kinepolis: Judgment against Kinepolis on procedural grounds VGP: 3Q18 trading update: Amazon n.2 Xior: Feedback CMD: why to choose for The Netherlands?

Alan Vandenberghe ...
  • Cedric Duinslaeger
  • Jason Kalamboussis
  • Sandra Cauwenberghs
  • Wim Hoste

KBC Securities Morning Note 21-11-2018 ABN NA, AGN NA, CYAD BB, EXM BB, GREEN BB, NYR BB

ABN Amro: Disquiet should not distract AEGON: CEO 4 another 4Y? UK deal. Shares weak, bold Buy. Celyad: 3Q18 update: start allogeneic CAR-T for solid YE18 EXMAR: Argentinian contract for FLNG Greenyard: 1H impacted by impairments, guidance reiterated Nyrstar: New working capital facility with Trafigura

Alex Koagne ...
  • Steven Gould

ABN AMRO : Better safe than sorry

>Neutral recommendation maintained - While the market was very likely expecting the payout ratio guidance to be raised, ABN simply confirmed its financial targets out to 2020. The only new guidance affected the cost-income ratio that the group now intends to take below 55% out to 2022 compared with a target of 56-58% in 2020. ABN is trading on 1x 2019e TBV for an ROTE of 11%. We are sticking with our Neutral recommendation on the stock. In our view, the lack of earnin...

Alex Koagne ...
  • Steven Gould

ABN AMRO : Prudence est mère de sureté

>Opinion Neutre maintenue - Alors que le marché s’attendait certainement à un relèvement de la guidance de pay out ratio, ABN s’est juste contentée de confirmer ses objectifs financiers à horizon 2020. La seule nouvelle guidance concerne le coefficient d’exploitation que le groupe entend faire baisser à moins de 55% en 2022 à comparer à une cible de 56-58% en 2020. ABN se paie 1x la TBV 2019e pour un ROTE de 11%. Nous maintenons notre opinion Neutre sur la valeur car ...

1 director bought

A director at Abn Amro Group Nv bought 5,000 shares at 22.400EUR and the significance rating of the trade was 54/100. 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 names of b...

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

...

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 ...
  • 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 ...
  • 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 €...

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...

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...

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 : The trend is bearish.

The trend is bearish. Prices are falling again, but the movement has become hesitant. The next support is at €20.95. The bearish trend would be challenged above €24.81.

Matthieu DRIOL

Analyse court terme - ABN AMRO GROUP NV-CVA : La tendance est baissière.

La tendance est baissière. Les prix baissent à nouveau, mais le mouvement est devenu hésitant. Le prochain support est à 20,95 €. La tendance baissière serait remise en cause au-dessus de 24,81 €.

Matthieu DRIOL

Analyse court terme - ABN AMRO GROUP NV-CVA : La tendance est baissière.

La tendance est baissière. Le mouvement se poursuit. Le prochain objectif est à 20,95 €, puis 20,40 €. Le franchissement de 24,81 € remettrait en cause la suite de la baisse.

Matthieu DRIOL

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

The trend is bearish. The movement goes on. The next target is at €20.95, then €20.40. Passing €24.81 would question the continuation of the fall.

Matthieu DRIOL

Analyse moyen terme - ABN AMRO GROUP NV-CVA : Les cours baissent.

La tendance est incertaine. Les cours baissent, et il y a une possibilité d'accélération baissière. Une nouvelle tendance baissière tente de démarrer.

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