ABN Amro Profit Misses Estimates as Expenses Rise
ABN Amro Bank NV reported profit that missed analyst expectations on higher costs, in the last set of quarterly results presented by Chief Executive Officer Robert Swaak.
Net income at the Amsterdam-headquartered bank came in at €397 million ($411 million) in the fourth quarter, compared with analysts' estimate of €448.5 million. Its operating expenses rose 10% in the period, the bank said in a statement on Wednesday.
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