ABN Amro raises full-year net interest income outlook on higher rates

ABN Amro’s (ABNd.AS), opens new tab shares rose 5% on Wednesday as the Dutch bank raised its forecast for full-year net interest income to 6.4 billion euros ($6.98 billion) after a stronger than expected second-quarter performance.

ABN Amro beat estimates for second-quarter net interest income, benefiting, along with some of the euro zone’s biggest banks, from a “higher-for-longer” environment for interest rates.