ABN AMRO Bank (AAVMY)
OTHER OTC:AAVMY
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ABN AMRO Bank
(OTC:AAVMY)
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Rating:69Neutral
Price Target:
$41.00
â–²(21.09% Upside)
Action:Reiterated
Date:05/19/26
The score is driven primarily by mixed financial quality—solid recent profitability but high leverage and historically volatile cash flow—partly offset by strong technical momentum and an attractive valuation (low P/E and solid yield). Earnings call commentary was supportive (cost guidance lowered, strong CET1, potential NII upside) but included meaningful near-term uncertainties (competition for deposits, provisioning/model volatility, and distribution timing).
Positive Factors
Strong capital position
A pro‑forma CET1 of 15.5% provides durable loss-absorption and regulatory headroom, enabling the bank to sustain lending, pursue RWA optimization and return capital. This strengthens strategic flexibility across economic cycles and supports steady investor distributions over the medium term.
Negative Factors
Elevated leverage
Sustained high leverage amplifies earnings and capital volatility in downturns and constrains strategic flexibility. Even with equity growth, elevated debt ratios increase sensitivity to credit losses and regulatory buffers, requiring conservative capital management and potentially limiting risk‑taking or distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong capital position
A pro‑forma CET1 of 15.5% provides durable loss-absorption and regulatory headroom, enabling the bank to sustain lending, pursue RWA optimization and return capital. This strengthens strategic flexibility across economic cycles and supports steady investor distributions over the medium term.
Read all positive factors
ABN AMRO Bank (AAVMY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.36B
Dividend Yield4.27%
Average Volume (3M)365.00
Price to Earnings (P/E)8.1
Beta (1Y)0.73
Revenue Growth-2.65%
EPS Growth9.63%
CountryUS
Employees21,976
SectorFinancial
Sector Strength70
IndustryBanks - Diversified
Share Statistics
EPS (TTM)2.52
Shares Outstanding636,154,540
10 Day Avg. Volume0
30 Day Avg. Volume365
Financial Highlights & Ratios
PEG Ratio-1.15
Price to Book (P/B)0.91
Price to Sales (P/S)1.46
P/FCF Ratio5.92
Enterprise Value/Market Cap2.75
Enterprise Value/Revenue6.28
Enterprise Value/Gross Profit9.80
Enterprise Value/Ebitda25.74
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.32
Revenue Forecast (FY)$10.96B
ABN AMRO Bank Business Overview & Revenue Model
Company Description
ABN AMRO Bank N.V. provides various banking products and services to retail, private, and business clients in the Netherlands and internationally. It operates through three segments: Personal & Business Banking, Wealth Management, and Corporate Ba...
How the Company Makes Money
ABN AMRO primarily makes money through (1) net interest income and (2) fee and commission income, supplemented by other income items.
1) Net interest income (core earnings driver)
- Lending vs. funding spread: The bank earns interest on loans (no...
ABN AMRO Bank Earnings Call Summary
Earnings Call Date:May 13, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call presents a predominantly positive operational and financial performance: net profit rose 12% YoY, fee income hit record levels, mortgage and deposit growth are progressing toward 2028 targets, costs are being reduced and the CET1 ratio remains strong at 15.5%. Management also lowered full-year cost guidance and identified further RWA reductions. Key risks noted include market volatility depressing client assets and other income, higher modelled impairments driven by updated macro scenarios, deposit competition that could temper NII upside, and some timing uncertainty around capital distributability and restructuring costs. Overall, positive delivery and strong capital/risk metrics outweigh the highlighted near-term uncertainties.Positive Updates
Net Profit and Profitability
Net profit of EUR 693 million, up 12% year-over-year, delivering a return on equity (ROE) of 10.7% for Q1 2026.
Negative Updates
Market Volatility Impacting Client Assets
March market volatility and seasonal effects reduced asset values in Q1; client assets were negatively impacted and Wealth Management fees were affected by negative market performance.
Read all updates
Q1-2026 Updates
Positive
Negative
Net Profit and Profitability
Net profit of EUR 693 million, up 12% year-over-year, delivering a return on equity (ROE) of 10.7% for Q1 2026.
Read all positive updates
Company Guidance
ABN AMRO kept its full‑year outlook broadly unchanged while tightening costs and flagging upside: it cut 2026 cost guidance by ~EUR 100m to around EUR 5.5bn, kept commercial NII guidance for 2026 at EUR 6.4bn (with a 2028 NII ambition of ~EUR 7.2bn including NIBC) but noted current forward rates could add roughly EUR 100m to 2026 NII, and said it will narrow NII guidance at Q2; it reaffirmed its commitment to return at least EUR 7.5bn of capital by paying up to 100% of net profit over 2026–28, reported a pro‑forma CET1 of 15.5% (the NIBC deal may reduce CET1 by ~70–80bp in Q3), and reiterated a EUR 10bn Corporate Banking RWA reduction target (about 50% achieved, EUR 1bn realized in Q1, EUR 8bn identified for active management with ~20% securitized). Execution metrics supporting the guidance include a 5,200 FTE reduction target to 2028 (≈40% achieved since end‑2024), Q1 cost savings of EUR 60m (cumulative ~EUR 220m of a EUR 900m program), Q1 mortgage growth of EUR 2bn, client deposit ambition 46% achieved (63% including NIBC), a Q1 cost of risk of 9bp, Stage‑3 ratio 2.1% and coverage 15.8%, and a management overlay of ~EUR 75m.ABN AMRO Bank Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
54
Neutral
Cash Flow
43
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.72B | 16.88B | 19.50B | 8.78B | 10.15B | 7.64B |
| Gross Profit | 8.79B | 8.76B | 8.94B | 8.59B | 7.64B | 7.64B |
| EBITDA | 3.35B | 3.27B | 3.58B | 0.00 | 2.55B | 2.03B |
| Net Income | 2.31B | 2.16B | 2.40B | 2.70B | 1.87B | 1.23B |
Balance Sheet | ||||||
| Total Assets | 413.92B | 413.21B | 385.05B | 377.91B | 379.58B | 399.11B |
| Cash, Cash Equivalents and Short-Term Investments | 49.39B | 51.53B | 45.80B | 55.05B | 62.84B | 68.25B |
| Total Debt | 83.60B | 79.02B | 81.54B | 54.44B | 63.96B | 67.72B |
| Total Liabilities | 386.44B | 386.17B | 358.94B | 353.74B | 356.77B | 377.11B |
| Stockholders Equity | 27.48B | 27.04B | 26.11B | 24.17B | 22.81B | 21.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.17B | -11.25B | -9.32B | -8.33B | 9.40B |
| Operating Cash Flow | 0.00 | 4.45B | -10.79B | -7.82B | -8.14B | 9.60B |
| Investing Cash Flow | 0.00 | -16.40B | -4.81B | -1.72B | -239.00M | 3.86B |
| Financing Cash Flow | 0.00 | 16.78B | 6.16B | 2.01B | 2.95B | -7.38B |
ABN AMRO Bank Technical Analysis
Positive
33.86
Price Trends
33.36
Positive
33.76
Positive
32.06
Positive
Market Momentum
1.21
Negative
66.26
Neutral
82.87
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AAVMY, the sentiment is Positive. The current price of 33.86 is below the 20-day moving average (MA) of 35.49, above the 50-day MA of 33.36, and above the 200-day MA of 32.06, indicating a bullish trend. The MACD of 1.21 indicates Negative momentum. The RSI at 66.26 is Neutral, neither overbought nor oversold. The STOCH value of 82.87 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AAVMY.
ABN AMRO Bank Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $2.25B | 8.36 | 21.63% | 3.70% | -2.40% | 20.47% | |
72 Outperform | $127.22B | 8.87 | 18.94% | 3.27% | -10.12% | 13.24% | |
71 Outperform | $85.58B | 10.46 | 12.71% | 4.14% | 10.57% | 19.15% | |
69 Neutral | $31.36B | 8.05 | 9.12% | 4.27% | -2.65% | 9.63% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $62.39B | 3.74 | 14.55% | 3.67% | 7.21% | 26.24% | |
62 Neutral | $80.33B | 6.17 | 9.46% | 1.71% | 12.95% | 21.64% |
* Financial Sector Average
AAVMY
ABN AMRO Bank
38.08
13.50
54.94%
BBVA
Banco Bilbao
22.73
8.00
54.26%
BCS
Barclays
23.87
6.64
38.55%
ING
ING Groep
30.36
9.89
48.30%
NWG
NatWest Group
15.76
2.60
19.73%
NTB
Bank of NT Butterfield & Son
56.43
15.99
39.53%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.