yield of 2.9% and has a P/E of 14.3

bank

Downgraded by JP Morgan from Overweight to Neutral

ABN Amro Holding NV - primary takeover target in financial/banking industry. Possibly being taken over by "Barclays Global Investments - BGI" or "Royal Bank of Scotland". Per Bloomberg show. "ABN Amro" is Dutch based global banking group.

strong european fianancial

Under acquisition

Someone is going to buy this puppy and duke it out for the privledge. I don't want to miss out on the action, do you?

2-21-2007
Shares of ABN AMRO Holding N.V. (NYSE: ABN) are 6% higher in pre-open action after London-based fund, The Children's Investment Fund, urged the company to actively pursue the potential break up, spin-off, sale or merger of its various businesses (or as a whole). The firm sees a "sum of the parts" value in excess of EUR 30 per share.

In a letter to the company the firm said, "We believe that it would be in the best interests of all shareholders, other stakeholders and ABN AMRO for the Managing Board of ABN AMRO to actively pursue the potential break up, spin-off, sale or merger of its various businesses (or as a whole), in much the same way you successfully managed and executed when you were the CEO at Sears. We believe that this strategy would not only create significant shareholder value but also would best serve all the stakeholders who otherwise would suffer over the long term from the structurally declining competitive position of ABN AMRO."

Weak dollar and financials under pressure.