Report

ABN AMRO : Prudence est mère de sureté

>Opinion Neutre maintenue - Alors que le marché s’attendait certainement à un relèvement de la guidance de pay out ratio, ABN s’est juste contentée de confirmer ses objectifs financiers à horizon 2020. La seule nouvelle guidance concerne le coefficient d’exploitation que le groupe entend faire baisser à moins de 55% en 2022 à comparer à une cible de 56-58% en 2020. ABN se paie 1x la TBV 2019e pour un ROTE de 11%. Nous maintenons notre opinion Neutre sur la valeur car ...
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.

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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.

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