ABN Amro released its Q1 17 results this morning. Total revenues at €2.25bn are 5% above consensus and our expectations with all the beat driven by volatile other operating income. Total expenses at €1.35bn are in line with expectations but 2.2% above our expectations. With loan losses at €63m, respectively €30m and €60m lower than consensus expectations and ours, profit before tax at €831m is 18% above consensus and 22% above our expectations. The CET 1 ratio at
17 May 2017
Capital temporarily disappointing...
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Capital temporarily disappointing...
ABN AMRO Bank N.V. Depositary receipts (ABN:WBO) | 0 0 0.0% | Mkt Cap: 11,882m
- Published:
17 May 2017 -
Author:
Farhad Moshiri -
Pages:
3
ABN Amro released its Q1 17 results this morning. Total revenues at €2.25bn are 5% above consensus and our expectations with all the beat driven by volatile other operating income. Total expenses at €1.35bn are in line with expectations but 2.2% above our expectations. With loan losses at €63m, respectively €30m and €60m lower than consensus expectations and ours, profit before tax at €831m is 18% above consensus and 22% above our expectations. The CET 1 ratio at