ABN Amro is nearly a pure-play bet on the Dutch banking system.
No-moat ABN Amro posted EUR 615 million in net profit, a sharp 30% increase year over year, helped by a 14% increase in revenue growth and increased other operating income. This quarter’s main contributor to the top line was other operating income, which saw a boost of EUR 225 million, driven by the positive impact of hedge accounting as well as the credit/fair value adjustment of derivative products. In our view, net interest income growth was subdued at 3%, mainly supported by lending growth i...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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