ABN AMRO Stock Hits All-Time High of €35.15 During Session
ABN AMRO stock reaches a new all-time high midday, boosted by an upgraded recommendation from a Dutch broker. The bank benefits from a strong underlying momentum in the European banking sector since the start of the year.
Historic Record Broken in Session Before a Slight Retreat Below Resistance
ABN AMRO stock is up 1.89% at €34.57 midday, after reaching a new all-time high of €35.15 during the session. This surpasses the previous record set on May 25 at €35.06. The stock broke through its technical resistance at €34.94 before falling back below, indicating a quick profit-taking at the new highs. The stock's performance is part of a broader upward trend, with a gain of 23.2% over three months and 53.4% over a year. The price is 7.1% above its 20-day moving average and 25.1% above its 200-day moving average, signifying a well-oriented long-term trend. The RSI at 64 remains below the overbought threshold, allowing room before reaching an exhaustion zone.
ING Bank Upgrades to 'Buy' and Raises Target from €24 to €40.50
This Tuesday, ING Bank upgraded its rating on the stock from 'hold' to 'buy', with a price target increased from €24 to €40.50. This new target represents a potential appreciation of about 17% from the current price and provides immediate support to the session. The upgrade follows a strong first quarter: on May 13, 2026, the Dutch bank reported a net income of €693 million, up 12% year-over-year, with a return on equity increased to 10.7%. The group also lowered its 2026 cost forecast to approximately €5.5 billion, a positive point for the profitability trajectory. The resistance at €34.94, now tested, remains the immediate barrier beyond which the stock could extend its rally towards the analysts' target. To follow the evolution of the consensus, one can consult the analysts' opinions on the stock.
