Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
ABN AMRO Group N.V. ( (GB:0RDM) ) has issued an update.
ABN AMRO Bank reported a net profit of EUR 397 million for Q4 2024, driven by high net interest and fee income, with a total annual profit of EUR 2.4 billion and a return on equity of 10.1%. The bank saw growth in its mortgage portfolio and a rise in net interest income, benefiting from strong Treasury results. The company maintained control over costs, with solid credit quality and a robust capital position indicated by a Basel III CET1 ratio of 14.5%. ABN AMRO continues to execute its digital strategy, focusing on customer convenience and expanding its market presence, despite challenges such as lower exports and investments in the Dutch economy.
More about ABN AMRO Group N.V.
ABN AMRO Group N.V. operates in the financial services industry, providing a range of banking services including retail, corporate, and private banking. With a strong focus on digitalization, the company aims to enhance customer experience by investing in technology and sustainability initiatives. ABN AMRO is also expanding its presence in the German market with the acquisition of Hauck Aufhäuser Lampe, positioning itself as a leading private bank in Germany.
YTD Price Performance: 9.87%
Average Trading Volume: 496,839
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €13.65B
Find detailed analytics on 0RDM stock on TipRanks’ Stock Analysis page.
