ABN AMRO Bank (AAVMY) Set to Announce Earnings on Wednesday

ABN AMRO Bank (OTCMKTS:AAVMY) is projected to announce its resultson Wednesday, November 11th. Analysts expect the company to post earnings of $1.01 per share and revenue of $2.81 billion for the quarter.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.67 billion. On average, analysts expect ABN AMRO Bank to post $3.63 EPS for the current fiscal year and $4.55 EPS for the next fiscal year.

ABN AMRO Bank Price Performance

OTCMKTS AAVMY opened at $44.30 on Wednesday. The stock has a 50-day simple moving average of $47.39 and a 200 day simple moving average of $40.45. ABN AMRO Bank has a twelve month low of $29.84 and a twelve month high of $50.63. The stock has a market capitalization of $36.34 billion and a PE ratio of 13.67. The company has a debt-to-equity ratio of 2.97, a quick ratio of 1.14 and a current ratio of 1.14.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on AAVMY. Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a report on Friday, September 18th. Zacks Research lowered ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ABN AMRO Bank in a research note 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 stock has an average rating of “Moderate Buy”.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.

Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.