ABN AMRO Bank (OTCMKTS:AAVMY) Announces Quarterly Earnings Results, Beats Estimates By $0.24 EPS

ABN AMRO Bank (OTCMKTS:AAVMY) announced its earnings results on Wednesday. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.01 by $0.24, Zacks reports. ABN AMRO Bank had a return on equity of 10.20% and a net margin of 15.59%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.80 billion.

ABN AMRO Bank Stock Down 2.2%

Shares of ABN AMRO Bank stock opened at $46.44 on Friday. ABN AMRO Bank has a one year low of $30.01 and a one year high of $50.63. The company has a debt-to-equity ratio of 2.97, a current ratio of 1.14 and a quick ratio of 1.14. The stock’s 50-day moving average is $47.22 and its 200 day moving average is $40.83. The firm has a market cap of $38.09 billion and a price-to-earnings ratio of 12.52.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Deutsche Bank restated a “hold” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a report on Friday, September 18th. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. Zacks Research downgraded shares of ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The modern bank was formed in 1991 through the merger of Algemene Bank Nederland and Amsterdam-Rotterdam Bank, combining institutions with longer histories in Dutch banking. The bank serves retail, private and business clients, with the Netherlands as its primary market and additional activities in selected international markets. Its services include everyday banking and payments, savings, mortgages, consumer and business lending, wealth management, and financial services for corporate clients.