ABN AMRO Benefits from Higher Short-Term European Interest Rates
Dow Jones
Aug 13
1023 GMT - ABN AMRO Bank is one of the best investments to gain from higher short-term interest rates in Europe, Citi analysts say. Citi raises its price target for the Dutch bank's stock to 50 euros from 41.40 euros, after taking into account its 2029 forecasts. The company's increased 6.8 billion euro commercial net interest income guidance for 2026 is conservative, Citi says, with Citi's own estimate between 1% and 2% higher. At current interest rates, a long-term return on equity in the mid-teens percentage range is attainable, the U.S. bank writes. Citi maintains its buy rating on the stock. Shares are up 1.7% at 42.51 euros.
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