Metropolitan Bank Holding's Return On Capital Employed Overview
Portfolio Pulse from Benzinga Insights
Metropolitan Bank Holding (MCB) reported a 29.0% increase in Q2 earnings to $6.06 million, but a 5.96% decrease in sales to $61.61 million. The bank posted a Return on Capital Employed (ROCE) of 0.02%, indicating effective capital allocation. However, Q2 earnings per share of $1.37 did not meet analyst predictions of $1.74.
July 21, 2023 | 2:46 pm
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NEUTRAL IMPACT
Metropolitan Bank's Q2 earnings increased but sales decreased. The bank's ROCE suggests effective capital allocation, but EPS missed analyst predictions.
The increase in earnings and effective capital allocation are positive signs for Metropolitan Bank. However, the decrease in sales and missed EPS predictions could negatively impact investor sentiment, leading to a neutral short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100