ABN AMRO Bank (OTCMKTS:AAVMY) Sees Strong Trading Volume Following Better-Than-Expected Earnings

ABN AMRO Bank (OTCMKTS:AAVMY) saw strong trading volume on Thursday following a stronger than expected earnings report. Approximately 63,416 shares traded hands during mid-day trading, an increase of 165% from the average daily volume of 23,958 shares. The stock last traded at $46.52 and had previously closed at $47.48.

The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.01 by $0.24. The business had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.80 billion. ABN AMRO Bank had a net margin of 14.22% and a return on equity of 9.12%.

Analysts Set New Price Targets

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

ABN AMRO Bank Stock Performance

The company’s 50-day simple moving average is $47.28 and its 200-day simple moving average is $40.79. The stock has a market cap of $38.18 billion and a price-to-earnings ratio of 14.36. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 2.97.

ABN AMRO Bank Company Profile

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.