RE: Better Than The Stanley CubGreat results, beating analyst expectations.
Some highlights from the quarter:
Net income: up 39% from a year ago
Diluted EPS of $.46 up 39%
ROE 20.1% up 360 basis points
ROA 1.29% up nine basis points
They also mentioned, not to anyone's surprise, that they have no direct exposure to non-bank sponsored ABCP and US subprime. Seem to be in a good position to take advantage of the potential woes of their competitors.
I'm expecting some slowdown in their growth. They are working on a larger base, and recent growth is exceptional. But 15% earnings growth target that they gave for next year may well be conservative.