NasdaqGS:IBOCBanks
International Bancshares (IBOC) Stock Slips As Margin Compression Clouds Profit Strength
International Bancshares stock slipped about 2.1% to around US$73.54 after its latest earnings, even though the core profit engine still looks solid. The headline this quarter is margins. Net income excluding extra items came in at US$95.81 million on US$203.72 million of revenue, which keeps profitability high but just a touch softer than recent quarters.
For short term traders, that slight margin squeeze adds pressure to a stock that has edged down over the past week and month. Long term...