BUZZ-ABN Amro falls on disappointing buyback postponement despite Q3 profit beat

Reuters
2024-11-13
BUZZ-ABN Amro falls on disappointing buyback postponement despite Q3 profit beat

** Shares in ABN Amro ABNd.AS fall 1.5%, paring losses after falling as much as 3.6%, after the Dutch bank postponed its share buyback from Q4 2024 to Q2 2025, despite reporting Q3 profit beating expectations

** Co cites unfinished work on preparation for BASEL IV package introduction as the main reason for the delay

** Brokers RBC, KBC, J.P.Morgan deem the postponement disappointing, the latter stating that the "lack of visibility and delay will continue to weigh on share performance"

** ING says the decision "may fuel continuing concerns on capital"

** Quarterly net income came 21% above consensus at 690 million euros ($731.68 million)

** Today's losses wiped off 157.7 million euros from company's market cap

($1 = 0.9430 euros)

(Reporting by Olivier Cherfan)

((olivier.cherfan@thomsonreuters.com))

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10