RBC Adjusts ABN Amro Forecasts Ahead of Q2 Earnings Report

11:37 AM EDT, 07/16/2026 (MT Newswires) -- RBC Capital Markets made "small" changes to its financial forecasts for ABN Amro Bank (ABN.AS) amid a model update ahead of the Dutch lender's second-quarter results set for release Aug. 12. "The first time consolidation of NIBC one month later than previously expected, explains most of our estimate update," the research firm said Wednesday. "As the NIBC acquisition is expected to close on 1st August, ABN might update commercial NII guidance for 2026 based on the new scope. We forecast total 2026 commercial NII at EUR6624m. Any update on the MRR at the next ECB meeting could be a potential headwind (we estimate a EUR68m hit at a 1pt higher MRR with ECB rates at 2.25%)." As such, analysts lowered their adjusted EPS estimate for 2026 to 2.88 euros from 2.98 euros. For 2027 and 2028, the adjusted EPS projections were nudged down to 3.60 euros and 4.16 euros, respectively, from 3.61 euros and 4.17 euros. Meanwhile, RBC expects ABN Amro to report a net profit of 659 million euros for the second quarter of 2026, higher than the year-ago 608 million euros. The stock is rated outperform, with an unchanged price target of 40 euros.