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AAVMY - ABN AMRO: Surprise Q1 Loss But Long-Term Income Potential
ABN AMRO Bank N.V. - ADR
Introduction
The entire banking sector is currently out of favor as it’s still highly uncertain what the impact of the COVID-19 pandemic will be on the balance sheets and loan books of the banks. Despite the uncertainty, I am currently building a speculative long position in the large Dutch bank ABN AMRO (ABNRY) (AAVMY) which saw its share price drop by 70% in the past year.
Source: Yahoo Finance
As ABN AMRO is large enough (market cap: 6.1B) to be part of the AEX index, it makes more sense to trade