ABN.AS - ABN AMRO Group N.V.

Amsterdam - Amsterdam Delayed price. Currency in EUR
18.82
+0.07 (+0.35%)
At close: 5:35PM CEST
Stock chart is not supported by your current browser
Previous close18.75
Open18.80
Bid0.00 x 0
Ask0.00 x 0
Day's range18.33 - 18.85
52-week range17.97 - 24.46
Volume3,462,688
Avg. volume2,030,220
Market cap17.691B
Beta (3Y monthly)1.04
PE ratio (TTM)8.41
EPS (TTM)2.24
Earnings date7 Aug 2019
Forward dividend & yield1.60 (8.32%)
Ex-dividend date2019-04-26
1y target est27.59
  • Have a Good Idea for Danske Bank? Email the CEO. Seriously
    Bloomberg6 hours ago

    Have a Good Idea for Danske Bank? Email the CEO. Seriously

    (Bloomberg) -- The new chief executive officer of Danske Bank A/S says he wants anyone with good ideas about how to run his firm to contact him.About 1 1/2 years after Danske was slammed by its financial regulator for having a culture that discouraged staff from speaking up, the bank is embracing transparency. Chris Vogelzang, a former ABN Amro banker who became Danske’s CEO last month, says he’d like to hear directly from investors and employees.“We’re trying to be as transparent as possible,” Vogelzang said in an interview. “I want everybody in the bank to be able to speak up if they believe things can improve.” He says he’s handed his contact details to staff and others across Scandinavia, “so that people can actually send me emails on what they think should happen.”A retail banker who helped guide ABN Amro back to health after it was rescued by the Dutch state, Vogelzang has been brought in to help Denmark’s biggest bank deal with the fallout of a $230 billion money-laundering debacle that erupted last year. The affair ended the career of the man who used to be Danske’s CEO, Thomas Borgen. He’s now one of several former executives to have had preliminary criminal charges brought against them.Denmark’s Financial Supervisory Authority said last year that the “mean and lean” culture Danske used to have was probably part of the reason it slipped into such a devastating scandal. Under the bank’s former top management, the idea was “to solve issues at a lower level rather than bring them to people’s attention higher up,” the head of the Danish FSA, Jesper Berg, said in May 2018. “Obviously, that reveals a problem in terms of culture.”The laundering scandal, which centers on Danske’s operations in Estonia between 2007 and 2015, has stunned investors, the wider public and Denmark’s political establishment. The bank’s stock is down about 60% -- representing roughly $20 billion in lost market value -- since the beginning of last year as shareholders brace for fines potentially in the billions of dollars.What Bloomberg Intelligence Says:“Risk stemming from Danske Bank’s money-laundering scandal will roll deep into 2020, in our view, with the magnitude of pending fines topping the agenda. We still expect fines totaling $2-$2.5 billion, but note the potential for an amount that’s multiples of that, though the lender’s robust capital buffer of up to $4.5 billion should suffice.”---- Philip Richards and Jonathan Tyce, bank analystsClick here to view the researchAgainst the backdrop of the laundering affair, Danske is also struggling to adapt to markets dominated by negative interest rates. It issued a profit warning about a week before publishing quarterly results that included the prospect of higher capital requirements ahead.Danske wasn’t always a bank in crisis. Before the dirty-money case hit, it reported record profits and many viewed Borgen’s approach -- dominated by a mantra of “execute” -- as part of the reason the bank did so well. But Berg at the FSA said last year that Danske’s “efficient machinery” probably blinded it to years of warning signals that something was seriously wrong. A more transparent organization might have identified the signs sooner.Vogelzang says he’s made clear he doesn’t want to hide anything and will act decisively when things look suspect. He says he “came out very strongly” on the first compliance issue he faced. That cost a former star executive his job after it emerged Danske had been overcharging retail investors. “We immediately announced that all clients will be compensated,” Vogelzang said.At ABN, Vogelzang was in charge of retail and private banking, a position he held for eight years before resigning in 2017 amid a cost-cutting program at the Dutch bank. Danske faces some of the same challenges that ABN confronted back then: increasing competition, regulatory pressure, and low rates.Vogelzang says Danske’s basic strategy, which includes expanding in Norway and Sweden, “is pretty sound.” He’s looking closely at business projections and operations with the rest of the executive team to figure out how to generate more profit. Employees and other stakeholders should feel free to share their thoughts, he says.“Good banks have a culture of continuous improvement,” Vogelzang said. “Good banks are very agile on their technology developments, and good banks make choices of where they invest their money in order to make sure that shareholder value is created in a medium- and longer term.”“But,” he says. “You can’t change culture over night.”(Adds reference to derivatives development.)To contact the reporter on this story: Frances Schwartzkopff in Copenhagen at fschwartzko1@bloomberg.netTo contact the editors responsible for this story: Tasneem Hanfi Brögger at tbrogger@bloomberg.net;Christian Wienberg at cwienberg@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • ABN AMRO Group N.V. (AMS:ABN): Poised For Long Term Success?
    Simply Wall St.14 days ago

    ABN AMRO Group N.V. (AMS:ABN): Poised For Long Term Success?

    Since ABN AMRO Group N.V. (AMS:ABN) released its earnings in March 2019, analyst consensus outlook appear cautiously...

  • Is Now An Opportune Moment To Examine ABN AMRO Group N.V. (AMS:ABN)?
    Simply Wall St.last month

    Is Now An Opportune Moment To Examine ABN AMRO Group N.V. (AMS:ABN)?

    Let's talk about the popular ABN AMRO Group N.V. (AMS:ABN). The company's shares received a lot of attention from a...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-Closing snapshot: Trump revs up Europe

    * European stocks close at day high; STOXX up 0.5% * Autos, DAX rally on report Trump plans to delay import tariffs * Germany returns to growth, Euro zone economy accelerates * China data paints grim picture ...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-"Most obvious trades": Long real estate/Short autos?

    * European stocks in choppy waters; STOXX up 0.15% * Autos, DAX rally on report Trump plans to delay import tariffs * Germany returns to growth, Euro zone economy accelerates * China data paints grim picture ...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-London's tarnished returns

    * European stocks give up early gains; STOXX -0.4% and DAX -0.5% * Trump called trade war "a little squabble" * Germany returns to growth, Euro zone economy accelerates * China data paints grim ...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-Commerzbank acquisition: What's in it for Unicredit or ING?

    * European stocks give up early gains; STOXX -0.2% and DAX -0.5% * Trump called trade war "a little squabble" * Germany returns to growth, Euro zone economy accelerates * China data paints grim ...

  • Reuters2 months ago

    ABN Amro warns of slowing economy as quarterly profit slides

    ABN Amro's quarterly net profit plunged by a fifth and fell short of expectations and the Dutch bank also warned that slowing economic growth and low interest rates could hit future earnings. Chief Executive Kees van Dijkhuizen said the impact of those factors could become more apparent after interest income fell 6% in the first three months of the year. ABN said the decline in first quarter net profit to 478 million euros was mainly due to incidental gains on equity investments made in the previous year.

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-No one wins a trade war

    * European stocks give up early gains; STOXX and DAX flat * Trump called trade war "a little squabble" * Germany returns to growth, Euro zone economy accelerates * China data paints grim picture ...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-Costing the "little squabble"

    * European stocks give up early gains; STOXX and DAX -0.1% * Trump called trade war "a little squabble" * Germany returns to growth * China data paints grim picture May 15 - Welcome to the home ...

  • Reuters - UK Focus2 months ago

    LIVE MARKETS-Opening snapshot: Falling back again

    * European stocks give up early gains; STOXX and DAX -0.2% * Trump called trade war "a little squabble" * Germany returns to growth * China data paints grim picture May 15 - Welcome to the home ...

  • Danske Bank picks ex-ABN banker as CEO to rebuild trust
    Reuters2 months ago

    Danske Bank picks ex-ABN banker as CEO to rebuild trust

    Danske Bank hired former ABN AMRO banker Chris Vogelzang as its new chief executive on Friday as it wrestles to limit the fallout from its involvement in one of the biggest money laundering scandals. Denmark's biggest lender is being investigated in Denmark, the United States, Britain and the Baltics after revealing that 200 billion euros ($224 billion) in suspicious transactions passed through its Estonian branch between 2007 and 2015. Among the challenges facing Vogelzang, who was on the management board of Dutch bank ABN AMRO until 2017, are rebuilding investor and customer trust and keeping Danske Bank focused during the myriad inquiries into its conduct.

  • If You Had Bought ABN AMRO Group (AMS:ABN) Stock A Year Ago, You'd Be Sitting On A 19% Loss, Today
    Simply Wall St.3 months ago

    If You Had Bought ABN AMRO Group (AMS:ABN) Stock A Year Ago, You'd Be Sitting On A 19% Loss, Today

    The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make higher profits, but you also face the risk of under-performance. Investors in ABN AMRO Group N.V. (AMS:ABN...

  • ABN AMRO Group N.V. (AMS:ABN): What Does The Future Look Like?
    Simply Wall St.3 months ago

    ABN AMRO Group N.V. (AMS:ABN): What Does The Future Look Like?

    Want to participate in a research study? Help shape the future of investing tools and earn a $60 gift card! ABN AMRO Group N.V.'s (AMS:ABN) most recent earnings update in December 2018 indicated that the...

  • Reuters4 months ago

    Infosys to buy 75 percent stake in ABN AMRO's mortgage services arm for $143.5 million

    (Reuters) - Infosys Ltd, India's second-biggest IT services company, said on Thursday it would buy a 75 percent stake in ABN AMRO Group NV's mortgage administration services unit for 127.5 million euros ...

  • GlobeNewswire4 months ago

    ABN AMRO sells majority stake in Stater to Infosys

    Stater is ABN AMRO`s administrative mortgage services provider, providing services for over 1.3 million mortgage loans to more than 30 mortgage providers in the Dutch market. Infosys is an IT and business services provider that operates worldwide and is already active as a provider of administrative mortgage services in other countries.

  • GlobeNewswire4 months ago

    ABN AMRO convenes 2019 Annual General Meeting

    Today, ABN AMRO Group N.V. publishes the convocation and meeting materials for its 2019 Annual General Meeting, to be held in Amsterdam on Wednesday 24 April 2019. The meeting materials and the convocation, ...

  • Reuters5 months ago

    Dutch bank stocks, Austria's Raiffeisen fall on money laundering report

    Shares in two Dutch banks and Austria's Raiffeisen Bank International (RBI) fell on Tuesday after media reports about a money laundering network alleged to have channelled billions of euros from Russia. The share price falls followed a report by a collective of European news outlets called the Organised Crime and Corruption Reporting Project (OCCRP) which was based on what it said were leaked documents detailing transactions worth more than $470 billion (356.7 billion pounds) sent in 1.3 million transfers from 233,000 companies. Austrian anti-corruption prosecutors said they were examining money-laundering allegations after receiving a complaint against unknown parties, a spokeswoman said when asked about the media reports.

  • ABN Amro says money laundering report unrelated to current operations
    Reuters5 months ago

    ABN Amro says money laundering report unrelated to current operations

    Dutch bank ABN Amro said on Tuesday that a report of alleged money laundering involving Russia's Troika Bank through European banks, including the top three Dutch lenders, had no connection to its current operations. "The subsidiary that came up in the investigation is no longer part of ABN Amro," spokesman Jeroen van Maarschalkerweerd said, adding that it was sold in 2007. ABN Amro's shares fell as much as 4.6 percent on Tuesday, after a Dutch magazine reported that it, ING and Rabobank had been among the banks through which money had been channelled.

  • Could Be Some Weakness in Gold Prices Near-Term, Says ABN Amro’s Boele
    Bloomberg20 days ago

    Could Be Some Weakness in Gold Prices Near-Term, Says ABN Amro’s Boele

    Jul.03 -- Georgette Boele, senior FX and precious metals strategist at ABN Amro, discusses the rally in gold and where the commodity heads next. She speaks on “Bloomberg Markets: European Open.”

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