ABN AMRO Bank (AAVMY) AI Stock Analysis

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ABN AMRO Bank

(Other OTC:AAVMY)

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Rating:71Outperform

Price Target:$53.00▲(14.11% Upside)

Action:upgraded

Date:11/11/26

The score is supported primarily by strong earnings-call momentum and constructive technical trends. Financial quality is moderate because improving profitability is offset by leverage and inconsistent cash generation, while valuation remains reasonably supportive.

Positive Factors

Commercial NII and profit growthHigher commercial NII guidance alongside strong reported profit growth indicates improving earnings capacity across the banking franchise. If lending, deposits, and pricing remain supportive, this momentum can strengthen internal capital generation and sustain profitability over the next several quarters.

Negative Factors

Persistently high leverageSustained leverage increases sensitivity to credit losses, funding conditions, and earnings volatility, even though the bank has grown equity and remains profitable. Higher balance-sheet gearing can constrain flexibility during stress and makes stable risk control essential to preserving returns.

ABN AMRO Bank (AAVMY) vs. SPDR S&P 500 ETF (SPY)

Market Cap: $37.95B
Dividend Yield: 4.19%
Average Volume (3M): 18.77K
Price to Earnings (P/E): 12.7
Beta (1Y): 0.79
Revenue Growth: 8.11%
EPS Growth: 34.11%
Country: US
Employees: 25,342
Sector: Financial
Sector Strength: 68
Industry: Banks - Diversified

ABN AMRO Bank Business Overview & Revenue Model

Company Description

ABN AMRO Bank N.V. is a financial institution offering a broad spectrum of banking solutions. It caters to individual consumers, affluent private clients, and corporate enterprises, both within the Netherlands and across international markets. The ba...

How the Company Makes Money

ABN AMRO primarily makes money by earning net interest income and fee-based income from banking and wealth activities. Net interest income is generated from the spread between interest earned on assets—most notably residential mortgages, consumer loa...

ABN AMRO Bank Earnings Call Summary

Earnings Call Date:Nov 11, 2026(Q3-2026)|% Change Since:-3.52%|Next Earnings Date:Feb 10, 2027

Earnings Call SentimentPositive

The call was strongly positive overall. ABN AMRO reported substantial profit growth, higher commercial NII guidance, strong fee income, solid credit quality, continued cost-savings execution, significant capital optimization and progress integrating NIBC and HAL. The main challenges were a higher expected cost base in 2027, unresolved collective labor agreement negotiations, deposit mix shifts, declining asset margins, seasonal softness in some fee businesses, and expected normalization in savings margins and Clearing volatility. Management nevertheless reaffirmed its cost and strategic ambitions and expressed confidence in updating and extending its financial targets.

Positive Updates

Strong Quarterly Profit and Return on Equity

Net profit increased by 52% year-on-year to EUR 940 million, bringing year-to-date return on equity to 12.5%.

Negative Updates

Underlying Deposits Declined Excluding NIBC

Excluding NIBC, deposits fell by EUR 2 billion, mainly due to seasonal spending and a shift into securities. Wealth Management clients moved around EUR 3 billion from current accounts and demand deposits into higher-yielding time deposits.

Company Guidance

ABN AMRO raised full year '26 commercial NII guidance to above EUR 6.9 billion and maintained cost guidance at around EUR 5.5 billion, excluding incidentals and restructuring costs; for full year '26, cost of risk is expected to remain below the through-the-cycle range of 10 to 15 basis points. Underlying deposit growth was stated at 3% to 4%, translating to roughly EUR 10 billion per year, while the '28 Wealth Management ambition is EUR 335 billion of client assets, with underlying growth of EUR 5 billion to EUR 7 billion. Other commercial NII was guided at around EUR 350 million to EUR 400 million excluding HAL, Clearing was indicated at EUR 350 million on a normalized basis, fees were above the 3% to 4% provided at the CMD, next year's NIBC effect is expected to be around EUR 150 million, restructuring charges are expected to be roughly EUR 100 million annually, and the distribution policy is up to 100% of net results. ABN AMRO intends to provide '27 NII guidance, update its financial targets and extend the horizon to 2029 with its Q4 results.

ABN AMRO Bank Financial Statement Overview

Summary

Revenue and profitability improved strongly, but elevated leverage and inconsistent historical cash flow constrain the score.

Income Statement

72Positive

Balance Sheet

65Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	17.73B	16.88B	19.50B	8.78B	10.15B	7.64B
Gross Profit	9.52B	8.76B	8.94B	8.59B	7.64B	7.64B
EBITDA	3.60B	3.26B	3.58B	0	2.55B	2.03B
Net Income	2.53B	2.25B	2.40B	2.70B	1.87B	1.23B
Balance Sheet
Total Assets	456.81B	413.21B	385.05B	377.91B	379.58B	399.11B
Cash, Cash Equivalents and Short-Term Investments	35.24B	51.53B	45.80B	55.05B	62.84B	68.25B
Total Debt	117.00B	79.02B	81.54B	54.44B	63.96B	67.72B
Total Liabilities	432.71B	386.17B	358.94B	353.74B	356.77B	377.11B
Stockholders Equity	24.10B	27.04B	26.11B	24.17B	22.81B	21.99B
Cash Flow
Free Cash Flow	0	4.17B	-11.25B	-9.32B	-8.33B	9.40B
Operating Cash Flow	0	4.45B	-10.79B	-7.82B	-8.14B	9.60B
Investing Cash Flow	0	-16.40B	-4.81B	-1.72B	-239.00M	3.86B
Financing Cash Flow	0	16.78B	6.16B	2.01B	2.95B	-7.38B

ABN AMRO Bank Technical Analysis

Technical Analysis SentimentPositive

Last Price46.45

Price Trends

50DMA47.18Negative

100DMA45.95Positive

200DMA40.24Positive

Market Momentum

MACD0.16Negative

RSI51.29Neutral

STOCH63.71Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AAVMY, the sentiment is Positive. The current price of 46.45 is above the 20-day moving average (MA) of 45.54, below the 50-day MA of 47.18, and above the 200-day MA of 40.24, indicating a neutral trend. The MACD of 0.16 indicates Negative momentum. The RSI at 51.29 is Neutral, neither overbought nor oversold. The STOCH value of 63.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AAVMY.

ABN AMRO Bank Peers Comparison

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

AAVMY against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ING	73Outperform	$92.58B	12.82	13.48%	4.58%	11.88%	22.51%
AAVMY	71Outperform	$37.84B	12.72	10.95%	4.19%	8.11%	34.11%
NWG	70Outperform	$62.55B	8.11	15.79%	5.96%	6.17%	16.21%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
BBVA	66Neutral	$142.81B	11.55	20.16%	4.33%	14.69%	18.60%
BCS	60Neutral	$75.76B	8.52	10.79%	2.70%	9.52%	26.94%
SAN	59Neutral	$177.76B	9.99	15.04%	2.26%	21.16%	27.88%

* Financial Sector Average

Performance Comparison

AAVMY and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
AAVMY	ABN AMRO Bank NV Unsponsored ADR	46.45	16.01	52.58%
BBVA	Banco Bilbao Viscaya Argentaria	25.92	5.92	29.57%
BCS	Barclays Plc	22.87	2.17	10.48%
ING	Ing Groep N.V.	33.22	9.05	37.43%
NWG	Natwest Group Plc	15.83	1.18	8.03%
SAN	Banco Santander US	12.21	1.99	19.51%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 11, 2026

ABN AMRO Bank AI Stock Analysis