Published on 1 Sep 2023 on Simply Wall St. via Yahoo Finance
Will Weakness in ABB Ltd's (VTX:ABBN) Stock Prove Temporary Given Strong Fundamentals?
ABB (VTX:ABBN) has had a rough month with its share price down 4.2%. However, a closer look at its sound financials might cause you to think again. Given that fundamentals usually drive long-term market outcomes, the company is worth looking at. Particularly, we will be paying attention to ABB's ROE today.
Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.
Check out our latest analysis for ABB