ABN AMRO Bank (OTCMKTS:AAVMY) Announces Quarterly Earnings Results

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

ABN AMRO Bank Trading Down 2.1%

Shares of OTCMKTS AAVMY traded down $1.03 during mid-day trading on Wednesday, hitting $47.44. The company’s stock had a trading volume of 8,730 shares, compared to its average volume of 24,013. 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 has a market cap of $38.91 billion and a price-to-earnings ratio of 14.64. The company’s fifty day simple moving average is $47.29 and its 200-day simple moving average is $40.73.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AAVMY. Citigroup restated a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a research report on Thursday, August 13th. Morgan Stanley reissued an “overweight” rating on shares of ABN AMRO Bank in a report on Wednesday, September 2nd. Zacks Research cut shares of ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average 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.