ABN Amro released this morning its numbers for Q3 18. P&L numbers were mostly better than consensus expectations. Total income at €2.32bn is 6.7% higher than expected; 7% above ours and +9% yoy. Most of this beat was driven by higher other operating income at €277m vs €130m expected. Adjusted for this, total income is roughly in line. Total expenses at €1.23bn were 1.5% lower than expected. Adjusted gross operating income at €2.17bn is therefore 2% above expectati
07 Nov 2018
Costs under control...overreaction on the capital side...
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Costs under control...overreaction on the capital side...
ABN AMRO Bank N.V. Depositary receipts (ABN:WBO) | 0 0 0.0% | Mkt Cap: 11,882m
- Published:
07 Nov 2018 -
Author:
Farhad Moshiri -
Pages:
3
ABN Amro released this morning its numbers for Q3 18. P&L numbers were mostly better than consensus expectations. Total income at €2.32bn is 6.7% higher than expected; 7% above ours and +9% yoy. Most of this beat was driven by higher other operating income at €277m vs €130m expected. Adjusted for this, total income is roughly in line. Total expenses at €1.23bn were 1.5% lower than expected. Adjusted gross operating income at €2.17bn is therefore 2% above expectati