SWX:TKBPBanks
Thurgauer Kantonalbank (SWX:TKBP) Stock Premium Meets Slower Profit Conversion
Thurgauer Kantonalbank stock has gone almost nowhere over the past week, yet the latest earnings quietly pushed the story a little further ahead. Net income over the last twelve months sits at CHF 162.967m while the P/E multiple is about 20.2x, above the European banks average. The real tug of war today is between that premium pricing and a net profit margin of 36.8% that slightly trails last year. The question for investors is whether this modest margin squeeze justifies any strong emotional...