ABN Amro raises full-year net interest income forecast, beats Q2 expectations, positive.

From Investing.com: 2024-08-07 01:45:38

ABN Amro raises full-year net interest income forecast to 6.4 billion euros, exceeds second-quarter expectations. Previous forecast of 6.3 billion euros in line with 2023 levels. NII grew in Q2 despite decrease year-on-year, benefiting from favorable interest rates. CEO attributes success to Dutch economy performance, housing market rebound, new mortgage clients. Bank’s NII falls 1% in Q2, but beats analysts’ forecast at 1.61 billion euros.



Read more at Investing.com: ABN Amro lifts full-year net interest income outlook By Reuters