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

ABN AMRO Bank (OTCMKTS:AAVMY) issued its earnings results 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 2.2%

OTCMKTS:AAVMY traded down $1.05 during midday trading on Wednesday, hitting $47.42. The stock had a trading volume of 9,240 shares, compared to its average volume of 24,015. The stock has a 50-day moving average of $47.29 and a 200 day moving average of $40.73. The company has a market capitalization of $38.90 billion and a price-to-earnings ratio of 14.64. ABN AMRO Bank has a one year low of $30.01 and a one year high of $50.63. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97.

Analyst Ratings Changes

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