ABN Amro Stock Sets Historic Record at €42.90 Before Pullback
ABN Amro reaches a new all-time high in trading on Friday, surpassing the previous record set the day before. The stock then loses ground and trades slightly in negative territory at midday, in a generally stable European market.
Historic Record at €42.90 Followed by a 0.5% Decline During the Session
ABN Amro touched €42.90 during the session, erasing the previous all-time record of €42.87 set the day before. Since this peak, the stock has retreated from the intraday level and is trading at €42.64, representing a 0.54% decline compared to the previous close. This modest pullback occurs in a sluggish market context: the CAC 40 is down 0.16% during the session, the SBF 120 follows the same direction at -0.15%, while the FTSE 100 and DAX advance modestly. The VIX falls back below 14.2, signaling contained volatility on markets.
Over a broader horizon, momentum remains very favorable. The stock is posting gains of over 4% for the week and nearly 26% over three months, and exceeds its level from a year ago by 71%. The stock remains firmly anchored above its three moving averages: it exceeds the 20-day moving average at €40.95 by more than 4%, the 50-day moving average at €39.17 by nearly 9%, and the 200-day moving average at €32.51 by more than 31%. The RSI at 67 reflects a pronounced bullish configuration, without yet reaching the overbought threshold.
Solid Results as Backdrop and Next Psychological Level at €43
The stock's trajectory is supported by recently strengthened fundamentals. When publishing Q2 2026 results on August 12, net profit attributable had surged 29% year-over-year to €780 million, with the bank simultaneously raising its commercial interest income guidance for 2026 and lowering its annual cost target to approximately €5.5 billion. These adjustments incorporated the acquisition of NIBC, finalized in early August. Earlier in the year, in Q1 2026 published on May 13, net profit had advanced 12% to €693 million, with net mortgage growth of €2 billion.
On the risk side, the bank had mentioned when publishing Q1 2026 results the weight of geopolitical tensions in the Middle East and inflationary pressure linked to rising energy costs, two factors that remain relevant given today's international context. In this bullish framework, the €43 level represents the next psychological reference above the current price: there is no prior technical resistance at this level, with the stock trading in an all-time high zone. The immediate support is located at €36.98.
