Report
Steven Gould

ABN AMRO : T3 2020 en demi-teinte & guidance très conservatrice

>Baisse du CdR mais pression persistante sur le levier opérationnel - Le groupe a publié un RN clairement supérieur aux attentes à 301 M€ (vs consensus 111 M€) principalement drivé par des provisions sur crédits bien en-deçà (notamment dans la division CIB) et dans une moindre mesure par un meilleur contrôle des coûts sur la période (performances opérationnelles > attentes sur l’ensemble des divisions).La top line ressort légèrement en deçà des attentes à 2.2 Md€...
Underlying
ABN AMRO Bank NV Depositary receipts

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Steven Gould

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