ABN Amro’s Shares Jump as Profit Beats on Higher Fee Income

ABN Amro Bank NV reported quarterly profit on surging fee income, easily beating expectations and sending shares higher.

Net income for the three months through March was €692 million ($812 million), the Amsterdam-headquartered lender said in a statement on Wednesday, beating the highest analyst estimate. The bank also improved its guidance for costs in the full year to about €5.5 billion.