ABN Amro jumps on 'strong' Q1 as cost cuts boost profit

ABN Amro Bank NV

13/05/2026 08:32

** Shares in ABN Amro ABNd.AS rise around 7% to their highest since February after quarterly results beat expectations

** The Dutch bank reported a 12% rise in net profit, helped by cost-cutting

** "ABN reported a strong set of results helped by the faster execution of its plan to lower costs", says RBC in a note

** While guidance remained unchanged due to geopolitical uncertainty and market volatility, RBC notes the bank pointed to potential upside

** The gains push the stock back into positive territory YTD

 (Reporting by Mateusz Rabiega)

 ((Mateusz.rabiega@thomsonreuters.com))