ABN AMRO Bank (OTCMKTS:AAVMY) Sets New 12-Month High – Here’s Why

Shares of ABN AMRO Bank (OTCMKTS:AAVMY) hit a new 52-week high on Monday . The stock traded as high as $43.41 and last traded at $43.41, with a volume of 278 shares trading hands. The stock had previously closed at $42.36.

Analyst Upgrades and Downgrades

AAVMY has been the subject of a number of recent research reports. Citigroup reiterated a “buy” rating on shares of ABN AMRO Bank in a report on Monday, May 18th. ABN Amro upgraded shares of ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 2nd. Morgan Stanley reaffirmed an “overweight” rating on shares of ABN AMRO Bank in a research note on Thursday, May 14th. Zacks Research upgraded ABN AMRO Bank to a “hold” rating in a report on Friday, April 24th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, May 14th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

ABN AMRO Bank Price Performance

The stock has a market cap of $35.85 billion and a price-to-earnings ratio of 55.83. The firm’s 50-day moving average is $37.43 and its 200 day moving average is $35.32.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced its quarterly earnings data on Monday, June 15th. The company reported $999.00 earnings per share (EPS) for the quarter.

ABN AMRO Bank Company Profile

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.