ABN AMRO Bank (AAVMY) Set to Announce Earnings on Wednesday

ABN AMRO Bank (OTCMKTS:AAVMY) is expected to issue its resultson Wednesday, November 11th. Analysts expect ABN AMRO Bank to post earnings of $1.01 per share and revenue of $2.81 billion for the quarter.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.13. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.67 billion. On average, analysts expect ABN AMRO Bank to post $3.63 EPS for the current fiscal year and $4.55 EPS for the next fiscal year.

ABN AMRO Bank Price Performance

AAVMY stock opened at $44.30 on Wednesday. ABN AMRO Bank has a one year low of $29.84 and a one year high of $50.63. The firm has a 50-day moving average of $47.39 and a two-hundred day moving average of $40.45. The firm has a market capitalization of $36.34 billion and a PE ratio of 13.67. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.97.

Wall Street Analysts Forecast Growth

AAVMY has been the topic of a number of research reports. Zacks Research downgraded ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” 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. Royal Bank Of Canada reissued an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Finally, Citigroup reissued a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Netherlands-based financial institution headquartered in Amsterdam. The bank provides banking and financial services to individuals, businesses and institutional clients, with the Netherlands as its primary market and additional activities in selected European and international markets.

Its offerings include current and savings accounts, mortgages, consumer lending, payment services, investment products and personal financial advice. Through its business and corporate banking operations, ABN AMRO provides lending, cash management, trade finance, corporate finance and other banking services to small and medium-sized enterprises, larger companies and institutions.