ABN Amro hits record high as earnings-driven rally continues

ABN Amro Bank NV

14/05/2026 09:36

** ABN Amro ABNd.AS rises as much as 2.4% to a record high, extending gains for a second day after quarterly results showed cost cuts helped profit growth beat expectations

** Several brokers lift earnings estimates and price targets for the Dutch lender, whose year-to-date gains are close to 9%, outperforming the 1.5% rise in Europe's bank index .SX7P

** Morgan Stanley raises its target price by 8.3% to 39 euros, Deutsche Bank by 10.7% to 31 euros, RBC by 2.7% to 37 euros, and UBS by 6.5% to 41 euros, compared with ABN's previous close of 31.8 euros

** Deutsche Bank lifts its EPS forecasts for 2026 and 2027 by 8% and 10%, respectively, highlighting a "very attractive" total yield even as the stock trades in line with the sector on a PE valuation metric

** RBC sees stronger net interest income potential after ABN flagged up to 100 million euros of upside from higher rates

** First-quarter net profit rose 12% to 693 million euros, beating expectations of 569 million euros

** Shares last up 1.5%. They rose over 8% in the previous session

 (Reporting by Jakob Van Calster)

 ((jakob.vancalster@thomsonreuters.com))