ABN Amro falls on disappointing buyback postponement despite Q3 profit beat
** Shares in ABN Amro ABNd.AS fall 1.5%, paring losses after falling as much as 3.6%, after the Dutch bank postponed its share buyback from Q4 2024 to Q2 2025, despite reporting Q3 profit beating expectations
** Co cites unfinished work on preparation for BASEL IV package introduction as the main reason for the delay
** Brokers RBC, KBC, J.P.Morgan deem the postponement disappointing, the latter stating that the "lack of visibility and delay will continue to weigh on share performance"
** ING says the decision "may fuel continuing concerns on capital"
** Quarterly net income came 21% above consensus at 690 million euros ($731.68 million)
** Today's losses wiped off 157.7 million euros from company's market cap
($1 = 0.9430 euros)
Reporting by Olivier Cherfan
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