ABN AMRO Announces Strong Q2 2024 Financial Results
Company Announcements

ABN AMRO Announces Strong Q2 2024 Financial Results

ABN AMRO Group N.V. (GB:0RDM) has released an update.

ABN AMRO Group N.V. reported a robust second quarter in 2024 with a net profit of EUR 642 million and a strong return on equity of 10.8%, driven by an increase in net interest income and net impairment releases. The bank has seen substantial growth in both its mortgage and corporate loan books, capitalizing on a favorable Dutch housing market and strategic focus on transition themes. Additionally, ABN AMRO has enhanced its services through the acquisition of Hauck Aufhäuser Lampe, expanding its wealth management and corporate banking footprint in Northwest Europe.

For further insights into GB:0RDM stock, check out TipRanks’ Stock Analysis page.

Related Articles
TheFlyABN Amro price target lowered to EUR 17.50 from EUR 18 at Morgan Stanley
TheFlyABN Amro upgraded to Neutral from Underweight at JPMorgan
TheFlyABN Amro price target raised to EUR 17 from EUR 16 at Deutsche Bank
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App