Bankinter: Strong Q1 Results Indicate Resilient Earnings [Seeking Alpha]
BANKINTER SA S/ADR (BKNIY)
NASDAQ:AMEX Investor Relations:
webcorporativa.bankinter.com/www2/corporativa/en/inf_financiera_cnmv/informacion_financiera/resultados/2011
Company Research
Source: Seeking Alpha
Earnings and profitability remain resilient, with interest margins stable and asset quality still very strong. While Bankinter is on track to roughly match last year's strong performance, a healthy premium to tangible book value reflects this, leaving the shares with limited room for further upside. Shares of Spanish bank Bankinter ( OTCPK:BKIMF OTCPK:BKNIY ) enjoyed a nice bump this week following strong first quarter results, helping to fuel meaningful year-to-date outperformance versus wider European financials ( EUFN ). With Recommended For You Recommended For You
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