Revenue Update on Credicorp Ltd. (USA)(NYSE:BAP)

Credicorp Ltd. (USA)(NYSE:BAP) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $918.181M. Analysts estimated a revenue of $943.600M. The revenues were -2.69% below the estimates. Earnings per share were $3.37. The reported EPS was above estimates by 9.77%. Analysts had estimated an EPS of $3.07.

Credicorp Ltd. (USA) (BAP) made into the market gainers list on Tuesdays trading session with the shares advancing 2.70% or 4.39 points. Due to strong positive momentum, the stock ended at $166.85, which is also near the day’s high of $169.95. The stock began the session at $163 and the volume stood at 8,22,873 shares. The 52-week high of the shares is $169.95 and the 52 week low is $92.89. The company has a current market capitalization of $15,748 M and it has 9,43,82,317 shares in outstanding.

Credicorp Ltd. is a financial services holding company in Peru. The Company is has four operating segments based on its products and services. Its operational segments include banking insurance pension funds and investment banking. The Company’s five principal operating subsidiaries include Banco de Credito del Peru (BCP); Atlantic Security Bank (ASB) which it holds through Atlantic Security Holding Corporation (ASHC); El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros (Grupo Pacifico); Prima AFP and Credicorp Capital. Its banking business is principally focused on commercial and consumer loans credit facilities deposits current accounts and credit cards. It conducts its insurance business through Grupo Pacifico which is a Peruvian insurance company. Its investment banking business units are grouped under Credicorp Capital which carries out its operations in the region through Credicorp Capital Peru Credicorp Capital Colombia (formerly Correval) and IM Trust.

Share this post

Leave a Reply