ABN Amro Bank Kept at Buy as BofA Notes Q3 Net Profit Beat

10:17 AM EST, 11/11/2026 (MT Newswires) -- BofA Global Research maintained its buy rating on ABN Amro Bank (ABN.AS) after the Dutch lender delivered a stronger-than-expected net profit for the third quarter. "ABN reported a strong 3Q26 results, with a 21% net profit beat driven by NII (+3% vs cons), non-interest income (EUR218mn vs cons at EUR111mn), and CoR (EUR11mn net impairment release vs cons EUR73mn provisions) while fees missed by 2% and costs were 0.5% higher than cons," analysts said Wednesday. "We remain constructive on ABN as it continues to execute on its profitability improvement from NII expansion, solid fees, cost control and capital optimisation. ABN will introduce 2029 targets with FY26 results where we believe it should improve materially its ROTE guidance." The research firm also noted ABN Amro's upgraded commercial net interest income guidance for full-year 2026 to "above" 6.9 billion euros, supported by the higher interest rate environment, against the previous 6.8 billion euros and the consensus of 6.87 billion. The stock's price objective stands at 48.10 euros.