BME:CABKBanks
CaixaBank (BME:CABK) Stock Faces Margin Pressure Despite Strong Profit Growth
The market came into today still digesting CaixaBank’s strong run, with the stock up about 15% over the past three months and now sitting at €12.48. The latest quarter delivered another heavy profit print, with Q2 net income of €1.631b and a group return on tangible equity around 18% for the first half. That kind of earnings engine matters more than the day’s price flicker. The real story for long term holders is whether this level of profitability can justify a P/E that already sits above...