TSE:8370Banks
Kiyo Bank (TSE:8370) Stock Rallies On Profit Growth As Revenue Stays Flat
Kiyo Bank stock comes into this earnings season with a mixed tape. The shares are down about 5.6% over the past week yet still higher over the past quarter and past three months. The market has been wrestling with whether the recent run justifies the current P/E of 13.7x and the 3.37% dividend yield.
The headline from this earnings release is profitability strength. Earnings have grown 8.5% per year over five years, including a 23.8% increase over the last year, and the company reports a net...