ABN AMRO : Q3 2019 figures back up our cautious stance
>Operating trend: the situation’s getting a bit more complicated … - ABN Amro's Q3 2019 figures were broadly disappointing, with a net income of € 558m (-2% vs consensus) and pre-tax profits of € 742m (-6% vs cons). Importantly, the numbers reported provide proof that the operating scenario is becoming increasingly complicated, with double-edged pressure (downwards on the top line due to the rate environment, upwards on costs due to tougher compliance requirements), a...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.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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