ABN AMRO : Unconvincing as regards operations, no surprises regarding the capital …
>Q1 2019 < expectations & operational guidance under pressure - ABN Amro released its Q1 2019 figures yesterday, reporting a net profit of € 452m (-5% vs consensus) and a profit before tax of € 652m (-2% vs consensus). The performance is particularly disappointing since it is marked by a lower-than-expected cost of risk (which cannot be extrapolated vs a gradual rise towards the cycle average) while increasingly ‘transformative’ pressure on revenues (-3% vs consensus,...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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