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ABNRY - ABN Amro: Solid Earnings On Less Than 10x P/E And 7% Dividend Yield
ABN AMRO Bank N.V. - ADR
Introduction
ABN Amro (OTCPK:ABNRY) is a Dutch bank with a €29.3bn market capitalisation. At €20.53, its shares have fallen a quarter from their peak of around €28 in early 2018, and are now only 16% higher than their IPO price (€17.75) more than 3 years ago in 2015. ABN’s Price / Book Value ("P/BV") multiple has shrunk from a peak of 1.4x to under 1.0x now.
ABN shares currently trade on Price / Earnings ("P/E") of less than 10x and a dividend yield of more than 7%. The less-than-10x P/E follows from ABN's