Keefe Bruyette upgrades ABN AMRO stock to Outperform

Published on 10/22/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ABN AMRO earned EUR 781.0 million in the second quarter of 2026. ABN AMRO stock trades at EUR 39.78 on October 22, 2026 at Lang & Schwarz.

Three forces shape the setup

Keefe Bruyette set a EUR 50.00 price target on October 16, 2026.
ABN AMRO earned EUR 781.0 million in the second quarter of 2026.
ABN AMRO stock trades at EUR 39.78 at 10:02 a.m. CEST at Lang & Schwarz on October 22, 2026.

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On October 16, 2026, Keefe Bruyette upgraded ABN AMRO from Market Perform to Outperform and set a EUR 50.00 price target, according to Markets Insider. The call gives the Dutch bank's stock a fresh analyst catalyst ahead of its third-quarter results.

Why the target moved

The upgrade arrived after ABN AMRO reported net profit of EUR 781.0 million for the second quarter of 2026. The figure was 29.00 percent above the EUR 606.0 million reported for the second quarter of 2025, according to ABN AMRO.

The bank's investor-relations calendar places publication of third-quarter 2026 results on November 11, 2026. That date matters because the latest analyst view is built around the durability of net interest income and the bank's capital distribution plans.

Three dated signals for investors

On August 12, 2026, ABN AMRO reported EUR 781.0 million in second-quarter net profit through its investor-relations materials. On October 7, 2026, NLFI announced a trading plan intended to reduce its ABN AMRO stake from 20.70 percent to 10.50 percent, according to the bank's ABN AMRO. On October 16, 2026, Keefe Bruyette raised the stock's profile by moving its rating to Outperform and setting a EUR 50.00 target, as Markets Insider reported.

What comes next for earnings

UBS raised its ABN AMRO target from EUR 48.00 to EUR 52.00 on October 15, 2026, while keeping a Buy rating, according to Beurs.nl. UBS expects pretax profit of EUR 1.09 billion for the third quarter, 24.00 percent above the prior-year figure, but 2.00 percent below the second quarter. The estimate makes November 11, 2026 the next test of whether higher interest income can offset rising costs.

Stock trades ahead of results

ABN AMRO was trading at EUR 39.78 at Lang & Schwarz on October 22, 2026 at 10:02 a.m. CEST. The quote sits within the EUR 24.49 to EUR 44.22 52-week range, while the market capitalization stood at EUR 32.4 billion on the same date. The further course of trading is shown by the continuously updated real-time quote of ABN AMRO stock.