ABN AMRO Bank (OTCMKTS:AAVMY) Issues Earnings Results, Beats Estimates By $0.13 EPS

ABN AMRO Bank (OTCMKTS:AAVMY) issued its earnings results on Wednesday. The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13, Zacks reports. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.67 billion. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.16%.

ABN AMRO Bank Trading Down 0.3%

Shares of OTCMKTS:AAVMY traded down $0.14 during trading on Friday, reaching $47.84. The stock had a trading volume of 234 shares, compared to its average volume of 22,877. ABN AMRO Bank has a fifty-two week low of $28.42 and a fifty-two week high of $48.66. The business has a fifty day moving average price of $43.14 and a 200-day moving average price of $37.76. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.95. The stock has a market cap of $39.38 billion and a P/E ratio of 14.77.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on AAVMY shares. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday. Zacks Research raised shares of ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 30th. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Thursday. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday. Finally, Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a research note on Thursday. One 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. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

About ABN AMRO Bank

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.