ABN AMRO : Lacklustre prospects
>Disappointing Q4 2018 results… - ABN Amro yesterday morning reported Q4 2018 figures, which disappointed on two key points, i.e. 1/ at the operating level with a profit before tax of € 435m (-27% vs consensus) and net profit of € 316m (-28% vs consensus), and 2/ a dividend for 2018 of € 1.45 per share, i.e. 10 cents lower than expected (payout ~60%). The difference is mainly due to 1/ higher-than-expected costs (€ 1.51bn, +5% vs consensus) driven by an accelerat...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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