ABN AMRO: Still Cheap At 7x Earnings; Possible 10% Total Yield
Dutch bank ABN AMRO ended 2024 with a solid set of fourth quarter results, beating consensus. While net interest income will fall this year, 2025 guidance still points to relatively robust earnings. These shares trade on a forward P/E of around 7x. Given management's payout policy, this could map to a shareholder yield of roughly 10% in respect of 2025 earnings.
ABN Amro CFO looks back on 'good year' for the Dutch bank
Ferdinand Vaandrager, CFO of Dutch bank ABN Armo, discusses the company's full-year results and its latest M&A deals.
Dutch bank ABN Amro fourth-quarter profit drops less than expected
Dutch lender ABN Amro beat fourth-quarter profit expectations on Wednesday, as resistant income from net interest and fees aided the results.
ABN AMRO: Should You Fight The ECB At A 40% Tangible Book Discount (Rating Upgrade)
ABN AMRO derives a significant portion of its revenue from net interest income, with profitability set to drop amid ECB monetary policy normalization. Strong Dutch GDP growth should keep credit costs in check, helping the bank outperform analyst estimates for Q4 2024. I expect earnings per share to decline in 2025, driven by lower net interest income and normalizing credit costs.
ABN Amro to appoint former BNP Paribas banker Berard as CEO
Dutch bank ABN Amro on Friday said it intended to appoint Marguerite Berard as its new CEO at its general shareholders meeting in April.
ABN Amro CFO says potential U.S. tariffs are a concern
ABN Amro's CFO Ferdinand Vaandrager discusses the Dutch bank's third-quarter earnings, potential U.S. tariffs and European banking mergers and acquisitions.
ABN AMRO: Disappointment On Capital Returns Overshadows A Fine Q3
Despite strong year-to-date financial results, shares of Dutch bank ABN AMRO have been frustratingly flat since my last piece in May. Third quarter results were good, with the bank beating consensus on both the top and bottom lines. The only disappointment came on the capital returns front, with management delaying a decision on buybacks by around six months.
LME fines ABN AMRO $300,000 in disciplinary action
The London Metal Exchange (LME) has taken disciplinary action regarding the risk management systems of ABN AMRO Clearing Bank NV, which has agreed to pay a fine of 230,000 pounds ($299,200), the exchange said on Thursday.
Dutch government to reduce its stake in ABN Amro by a quarter
The Dutch government on Tuesday said it will reduce its stake in lender ABN Amro by a quarter to 30% through a trading plan. Governments have been capitalizing on a rebound in shares to sell their shareholdings in banks that were taken over during the financial crisis.
Dutch government cuts stake in ABN Amro to 40.5%
The Dutch government's latest sale of ABN Amro shares has reduced its stake in the bank to 40.5% from 49.5%, Finance minister Eelco Heinen said in a letter to parliament on Wednesday.
ABN AMRO: Profitability To Drop On ECB Rate Cuts/Credit Cost Normalization (Rating Downgrade)
ABN AMRO is a Dutch bank, deriving 73% of its H1 2024 operating income from net interest income. The company has outperformed the iShares MSCI Europe Financials ETF in 2024 but faces profitability challenges due to ongoing ECB rate cuts and normalizing credit costs. The bank's Q2 2024 results showed a decline in operating income and profit across segments, but return on equity is still elevated thanks to a benign credit environment.
ABN Amro cautious on NII growth into 2025 amid expected rates decrease
Dutch lender ABN Amro said on Wednesday it does not see a significant positive trend in net interest income into 2025 compared to 2024 amid an expected gradual normalisation of deposit margin as interest rates are likely to decrease.
