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

ABN AMRO Bank (OTCMKTS:AAVMY) released its quarterly earnings data on Wednesday. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.24, Zacks reports. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%.

ABN AMRO Bank Stock Down 2.1%

Shares of ABN AMRO Bank stock traded down $1.03 on Wednesday, hitting $47.44. The company had a trading volume of 8,730 shares, compared to its average volume of 24,013. The firm has a market capitalization of $38.91 billion and a P/E ratio of 14.64. ABN AMRO Bank has a twelve month low of $30.01 and a twelve month 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 has a 50-day moving average of $47.29 and a 200-day moving average of $40.73.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of ABN AMRO Bank in a research note on Wednesday, September 2nd. Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research report on Friday, September 18th. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, August 13th. Zacks Research lowered shares of ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

ABN AMRO Bank Company Profile

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.