ABN AMRO Bank (OTCMKTS:AAVMY – Get Free Report) hit a new 52-week high on Wednesday following a stronger than expected earnings report. The company traded as high as $48.23 and last traded at $48.11, with a volume of 1010 shares trading hands. The stock had previously closed at $46.0390.
The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.13. ABN AMRO Bank had a net margin of 13.64% and a return on equity of 8.64%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a research report on Wednesday, July 22nd. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a research report on Thursday, May 14th. Zacks Research upgraded ABN AMRO Bank from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of ABN AMRO Bank in a report on Friday, July 17th. Finally, ABN Amro upgraded ABN AMRO Bank from a “neutral” rating to a “buy” rating in a research report on Tuesday, June 2nd. One equities research 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 company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.
ABN AMRO Bank Stock Performance
The firm has a market capitalization of $39.79 billion and a price-to-earnings ratio of 16.39. The firm’s 50-day moving average price is $42.78 and its two-hundred day moving average price is $37.59. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.14 and a current ratio of 1.14.
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.
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