OB:MINGBanks
SpareBank 1 SMN (OB:MING) Stock Rises As EPS Weakens And Margins Tighten
SpareBank 1 SMN stock has been grinding higher in recent months, with the latest close at NOK202.05 after a solid run over 7, 30 and 90 days. The focus today is on the income statement. Second quarter profit of NOK748m on revenue of NOK2,329m shows that this regional lender is still producing substantial earnings power even as investors debate the quality and durability of those profits.
The key tension for you as a shareholder is straightforward: does this profit profile justify the current...