ABN AMRO : The beginning of a year under pressure
>Operational performance marked by a very high cost of risk...but not exclusively due to COVID-19 - ABN Amro has published Q1 2020 earnings largely rocked by substantial provisions (€ 1.1bn, i.e. +43% vs the consensus and x3 y-o-y), to a large extent (but not solely) linked to COVID-19. Note that the group had recently warned of a negative impact of ~€ 0.2bn linked to its clearing activities in the US. The group posted results that fell well below forecasts, with a pr...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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