ABN AMRO : Growing pressure on operating performances…
>Mixed Q2 2019 for operating performances, guidance cut for the top line - ABN AMRO released its Q2 2019 figures yesterday, showing net profit of € 693m (+13% vs consensus) and a profit before tax of € 883m (+5% vs consensus). Operating was nonetheless disappointing, with the variance with forecasts mainly reflecting a lower cost of risk. Revenue pressures are increasingly structural and are taking a toll on operating leverage while the good cost discipline is still t...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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