ABN Amro is a transformed new bank and a pure Dutch play with healthy and improving fundamentals.
No-moat ABN Amro posted decent 2017 operating results that were mainly in line with our expectations. Reported net income for the full year came in at EUR 2.8 billion, an increase of 55% versus last year. While the net income boost was partly attributable to a lower base in 2016 due to a provision related to derivatives for small and midsize enterprises, it also stemmed from higher operating income, supported by a gain on the divestment of its private banking operations in Asia, lower costs (whi...ABN Amro Bank NV is a bank based in the Netherlands. The Bank provides various financial products and services across a variety of channels, including its Mobile Banking app and Internet Banking. The Bank's product portfolio includes insurances, mortgages, savings, investments, loans and payments, among others. The Bank serves retail, private and corporate clients worldwide.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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