SWX:LLBNBanks
Liechtensteinische Landesbank (SWX:LLBN) Stock Faces A Premium Valuation Reckoning
Liechtensteinische Landesbank stock came into this earnings print near CHF114 after a steady 12 month climb, with investors already paying a premium P/E for what they viewed as dependable profitability. The latest half year numbers kept that story intact. Net income reached about CHF105m on CHF315m of revenue, indicating a high net margin profile and reflecting the recent 7.4% earnings growth pace over the past year.
The twist is in sentiment. A market that has been willing to pay up for...