OB:SPOLBanks
SpareBank 1 Østlandet (OB:SPOL) Stock Stalls As Profit Strength Meets Revenue Drift
SpareBank 1 Østlandet stock has barely budged in recent weeks, with the share price roughly flat over 3 months and slightly down over the past month, even after yesterday’s Q2 release. That muted reaction sits awkwardly next to a bank that just reported another solid profit quarter, with basic earnings per share at NOK 4.38 and net income at NOK 814m.
The real story sits beyond this single quarter. SpareBank 1 Østlandet now carries a trailing P/E of 9.3x and a discounted cash flow value...