ABN AMRO Bank (OTCMKTS:AAVMY) Shares Gap Up – What’s Next?

Shares of ABN AMRO Bank (OTCMKTS:AAVMY) gapped up prior to trading on Tuesday. The stock had previously closed at $45.38, but opened at $48.47. ABN AMRO Bank shares last traded at $48.35, with a volume of 880 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently commented on AAVMY. Citigroup reaffirmed a “buy” rating on shares of ABN AMRO Bank in a research note on Friday, September 18th. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of ABN AMRO Bank in a research note on Thursday, August 13th. Finally, Zacks Research cut shares of ABN AMRO Bank from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, ABN AMRO Bank presently has a consensus rating of “Moderate Buy”.

ABN AMRO Bank Price Performance

The firm has a market capitalization of $39.71 billion and a P/E ratio of 14.94. The business has a 50-day moving average of $47.28 and a 200 day moving average of $40.67. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 2.97.

ABN AMRO Bank (OTCMKTS:AAVMY) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.13. ABN AMRO Bank had a return on equity of 9.12% and a net margin of 14.22%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.67 billion. On average, sell-side analysts predict that ABN AMRO Bank will post 3.63 earnings per share for the current fiscal year.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a Dutch financial services company headquartered in Amsterdam. The modern bank was formed in 1991 through the merger of Algemene Bank Nederland and Amsterdam-Rotterdam Bank, combining institutions with longer histories in Dutch banking.

The bank serves retail, private and business clients, with the Netherlands as its primary market and additional activities in selected international markets. Its services include everyday banking and payments, savings, mortgages, consumer and business lending, wealth management, and financial services for corporate clients.

ABN AMRO operates through businesses focused on personal and business banking, wealth management, and corporate banking.