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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  ABN AMRO Bank N.V.    ABN   NL0011540547


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Reco.

European shares slip at end of best ever month

11/30/2020 | 04:27am EST

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)

* Oil stocks slide as crude prices slip ahead of OPEC+ talks

* STOXX 600 down 1%; jumps nearly 14% on the month

* ABN Amro down 8.9% after announcing job cuts

* Moderna to seek U.S., EU authorisation for vaccine

Nov 30 (Reuters) - Europe's benchmark stock index posted its biggest monthly gain on record on the prospect of easing coronavirus restrictions and hopes for a COVID-19 vaccine, but ended Monday lower with eyes on the Brexit trade deal negotiations.

Five weeks ahead of the deadline, talks in London between Britain and the European Union over the weekend were "quite difficult" and "massive divergences" remained on the most thorny elements of fisheries, economic fair play and settling disputes, an EU source said.

"While my belief in a deal being reached is still intact, time is fast running out and you have to wonder how long it can go on before we see a wobble in the markets," said Craig Erlam, senior market analyst at OANDA Europe.

London's blue-chip stocks gave up early gains to close down 1.6%, while the pan-European STOXX 600 index lost 1% at the end of a month that saw it surge nearly 14%.

The gains were driven by hopes of a more stable U.S. trade policy under Joe Biden's presidency, and promising results for major coronavirus vaccine candidates, with Moderna's application for U.S. and European emergency authorisation on Monday being the latest.

France's CAC 40 jumped 20% this month, while Spain's IBEX and Italy's MIB rose more than 22% each. German shares and UK blue-chips gained more than 12%.

Oil and gas stocks were the biggest decliners in Europe, down 3.4%, with Total SE, BP and Royal Dutch Shell sliding around 5% as crude prices slipped on uncertainty about whether OPEC+ would agree to extend its deep output cuts at talks this week.

At the bottom of the STOXX 600 was Dutch bank ABN Amro , down 8.9% after saying it would cut almost 3,000 jobs by 2024.

Siltronic shares, meanwhile, jumped 7.6% after the German silicon wafer maker said it was in advanced talks to be bought by Taiwan's GlobalWafers in a 3.75-billion-euro ($4.5 billion) deal.

Germany's main DAX index gave up its gains at the close, ending down 0.3% with consumer and healthcare stocks leading declines. Data on Monday showed that a newly introduced VAT cut pushed annual consumer prices lower further in November. (Reporting by Susan Mathew in Bengaluru; Editing by Shounak Dasgupta)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ABN AMRO BANK N.V. -2.51% 8.3 Real-time Quote.6.13%
BP PLC -2.93% 284.9 Delayed Quote.15.13%
CAC 40 -0.97% 5536.54 Real-time Quote.0.71%
DAX -0.61% 13826.01 Delayed Quote.1.37%
EURO / BRITISH POUND (EUR/GBP) 0.62% 0.89155 Delayed Quote.-0.78%
GLOBALWAFERS CO., LTD. -0.46% 651 End-of-day quote.-8.05%
IBEX 35 -1.65% 7993.4 Delayed Quote.0.60%
LONDON BRENT OIL -2.76% 54.66 Delayed Quote.7.68%
MODERNA, INC. 6.27% 132.98 Delayed Quote.27.29%
SILTRONIC 4.46% 146.2 Delayed Quote.9.29%
STOXX EUROPE 600 -1.00% 406.88 Delayed Quote.2.97%
TOTAL SE -2.02% 35.745 Real-time Quote.3.33%
WTI -2.75% 51.572 Delayed Quote.9.87%
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Sales 2020 7 931 M 9 648 M 9 648 M
Net income 2020 -350 M -426 M -426 M
Net Debt 2020 - - -
P/E ratio 2020 -29,1x
Yield 2020 0,11%
Capitalization 8 001 M 9 717 M 9 733 M
Capi. / Sales 2020 1,01x
Capi. / Sales 2021 1,06x
Nbr of Employees 18 952
Free-Float 46,9%
Duration : Period :
ABN AMRO Bank N.V. Technical Analysis Chart | ABN | NL0011540547 | MarketScreener
Technical analysis trends ABN AMRO BANK N.V.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 22
Average target price 9,93 €
Last Close Price 8,51 €
Spread / Highest target 88,0%
Spread / Average Target 16,7%
Spread / Lowest Target -30,7%
EPS Revisions
Managers and Directors
Robert Swaak Chairman-Executive Board & Chief Executive Officer
Tom de Swaan Chairman-Supervisory Board
Clifford Abrahams Vice Chairman-Executive Board & CFO
Christian Bornfeld Chief Innovation & Technology Officer
Jurgen Stegmann Member-Supervisory Board
Sector and Competitors