ABN AMRO : Better safe than sorry
>Neutral recommendation maintained - While the market was very likely expecting the payout ratio guidance to be raised, ABN simply confirmed its financial targets out to 2020. The only new guidance affected the cost-income ratio that the group now intends to take below 55% out to 2022 compared with a target of 56-58% in 2020. ABN is trading on 1x 2019e TBV for an ROTE of 11%. We are sticking with our Neutral recommendation on the stock. In our view, the lack of earnin...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.