XTRA:PBBDiversified Financial
Deutsche Pfandbriefbank (XTRA:PBB) Stock Price Trails Credit Quality Doubts
Deutsche Pfandbriefbank stock closed at €3.61 on Friday, only modestly higher over the past week, even as the latest quarter quietly flipped back into the black. Q2 net income of €16 million and positive earnings per share marked a turn from recent losses, yet the market is still pricing the bank at about 0.2x book value.
For you as a shareholder or potential buyer, the real story now sits on the balance sheet. Credit quality, non performing loans and the thin buffer of loan loss reserves...