ABN AMRO Bank (OTCMKTS:AAVMY) Shares Gap Up – Still a Buy?

Shares of ABN AMRO Bank (OTCMKTS:AAVMY) gapped up before the market opened on Wednesday . The stock had previously closed at $40.7525, but opened at $42.72. ABN AMRO Bank shares last traded at $42.84, with a volume of 1,824 shares.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAVMY. ABN Amro upgraded shares of ABN AMRO Bank from a “neutral” rating to a “buy” rating in a report on Tuesday, June 2nd. Morgan Stanley reiterated an “overweight” rating on shares of ABN AMRO Bank in a report on Thursday, May 14th. Royal Bank Of Canada reiterated an “outperform” rating on shares of ABN AMRO Bank in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of ABN AMRO Bank in a report on Wednesday, February 18th. Finally, Zacks Research upgraded shares of ABN AMRO Bank to a “hold” rating in a report on Friday, April 24th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

ABN AMRO Bank Stock Up 2.2%

The company’s fifty day moving average is $36.84 and its 200 day moving average is $35.13. The stock has a market cap of $35.29 billion and a PE ratio of 54.96.

ABN AMRO Bank (OTCMKTS:AAVMY) last posted its quarterly earnings results on Monday, June 15th. The company reported $999.00 EPS for the quarter.

About ABN AMRO Bank

ABN AMRO Bank N.V. is a leading Dutch banking institution headquartered in Amsterdam. The bank traces its origins to the 1991 merger of Algemene Bank Nederland and AMRO Bank, forming one of the Netherlands’ largest financial services providers. Over the decades, ABN AMRO has developed a comprehensive portfolio of banking and financial solutions, positioning itself as a key player in both domestic and international markets.

The bank operates across several core segments, including retail banking, private banking, commercial banking, and corporate & institutional banking.