ABN AMRO Bank NV
ABN: XAMS (NLD)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| MpT | LOCK|$b | LOCK|V^RWPdw |
ABN Amro Earnings: Net Recovery of Credit Costs Flattens Results, NIBC Deal Offers Growth
ABN Amro's third-quarter net profit fell 11% year on year, weighed down by lower interest rates, while profitability continues to benefit from abnormally low credit costs. The bank also announced plans to acquire Dutch rival NIBC for EUR 1 billion.
