AAVMY - ABN AMRO: Welcome Detail On Capital Return Plans
2024-03-10 04:43:51 ET
Summary
- Shares of ABN AMRO have started the year well, outperforming close peers like ING and the wider European financial space.
- While 2024 guidance contained both positives and negatives in terms of key income statement lines, more detail on capital returns was a definite plus.
- These shares remain cheap at their current discount to tangible book value, while capital returns potential looks more attractive now that we have a bit more clarity on the matter.
Shares of Dutch bank ABN AMRO (AAVMY)(ABMRF) have got off to a solid start in 2024, returning around 8% year-to-date in USD terms and outperforming both national peer ING Groep ( ING ) as well as the wider European financial space ( EUFN )....
ABN AMRO: Welcome Detail On Capital Return Plans