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Barclays Sticks to Its Buy Rating for ABN AMRO Group N.V. (0RDM)

In a report released today, Sam Moran-Smyth from Barclays maintained a Buy rating on ABN AMRO Group N.V. (0RDMResearch Report). The company’s shares closed last Friday at €14.95.

In addition to Barclays, ABN AMRO Group N.V. also received a Buy from UBS’s Johan Ekblom in a report issued on November 14. However, on November 15, J.P. Morgan maintained a Hold rating on ABN AMRO Group N.V. (LSE: 0RDM).

Based on ABN AMRO Group N.V.’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of €133.45 thousand. In comparison, last year the company earned a revenue of €97.88 thousand and had a GAAP net loss of €1.58 million

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ABN AMRO Group N.V. (0RDM) Company Description:

Geographically, ABN Amro’s business is largely confined to the Netherlands, which accounted for 90% of its profit before tax in 2018. Operationally, retail and commercial banking is by far its most important, made up 70% of its operating profit in 2018.