OM:LEABanks
Lea Bank (OM:LEA) Stock Sees Profit Growth But Credit Risk Still Dominates
Lea Bank stock came into this earnings print with a mixed scorecard. The price closed at SEK12.64 on Friday, only slightly higher over the past month and still down over the past quarter. The headline in the numbers is earnings strength. Second quarter basic earnings per share landed at 0.34 SEK on revenue of 100.88 million SEK and trailing basic earnings per share reached 1.26 SEK.
For a bank that trades on a P/E of 10x against higher sector multiples, that earnings profile is what the...