Core Viewpoint - Credicorp is entering a quiet period ahead of its 4Q24 earnings release, which will last from January 27th to February 10th, 2025, during which no financial information will be disclosed [1] Company Overview - Credicorp Ltd. is the leading financial services holding company in Peru, with a diversified business portfolio organized into four primary lines: Universal Banking, Microfinance, Insurance and Pension Funds, and Investment Management and Advisory [2] - The company operates through various subsidiaries, including Banco de Crédito del Perú, Banco de Crédito de Bolivia, Mibanco, Grupo Pacifico, Prima AFP, Credicorp Capital, and ASB Bank Corp [2] - Credicorp has a presence in multiple countries, including Peru, Chile, Colombia, Bolivia, and Panama [2]

Group 1 - Credicorp will enter a quiet period for its 4Q24 earnings release starting January 27th, 2025, which will end on February 10th, 2025 [1] - During the quiet period, the company will not disclose any financial information or respond to related inquiries [1] Group 2 - Credicorp Ltd. is the leading financial services holding company in Peru, with a diversified business portfolio across four primary lines: Universal Banking, Microfinance, Insurance and Pension Funds, and Investment Management and Advisory [2] - The company operates through various subsidiaries, including Banco de Crédito del Perú, Banco de Crédito de Bolivia, Mibanco, Grupo Pacifico, Prima AFP, Credicorp Capital, and ASB Bank Corp [2] - Credicorp has a presence in multiple countries, including Peru, Chile, Colombia, Bolivia, and Panama [2]

Core Insights - Investors in the Banks - Foreign sector may consider Credicorp (BAP) or National Australia Bank Ltd. (NABZY) for potential value opportunities [1] Valuation Metrics - Credicorp (BAP) has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while National Australia Bank Ltd. (NABZY) has a Zacks Rank of 4 (Sell) [3] - BAP's forward P/E ratio is 8.57, significantly lower than NABZY's forward P/E of 15.78, suggesting BAP may be undervalued [5] - BAP has a PEG ratio of 0.50, while NABZY's PEG ratio is 4.06, indicating BAP's expected earnings growth is more favorable [5] - BAP's P/B ratio is 1.69 compared to NABZY's P/B of 1.79, further supporting BAP's valuation attractiveness [6] - Based on these metrics, BAP holds a Value grade of B, while NABZY has a Value grade of C, making BAP a more appealing option for value investors [6]

Core Viewpoint - Credicorp Ltd. is taking proactive measures to address the impact of regulatory actions and alleged misconduct at Sartor Administradora General de Fondos S.A. by offering to purchase 100% of the value of investments in affected funds, ensuring clients are not burdened by the liquidation process [8][10]. Group 1: Company Actions - Credicorp Capital will execute participation transfer agreements through its affiliate Atlantic Security Holding Corporation (ASHC), covering up to US$125.3 million in investment value [3]. - The company has committed to acquiring the value of investment units from its clients within 45 days to mitigate uncertainty stemming from the liquidation of Sartor-managed funds [6]. - Following a complaint by Credicorp Capital, the Chilean Financial Market Commission (CMF) revoked Sartor's authorization to operate and ordered the liquidation of all funds under Sartor's management [10]. Group 2: Fund Details - The affected funds include the Credicorp Capital Factoring Dólares FMIV and Credicorp Capital Factoring Soles FMIV, which had exposure to assets managed by Sartor [8]. - The CMF's recent actions included the suspension of contributions, redemptions, and payments for all funds managed by Sartor, impacting Credicorp's clients [10]. Group 3: Company Overview - Credicorp Ltd. is the leading financial services holding company in Peru, with a diversified portfolio across Universal Banking, Microfinance, Insurance and Pension Funds, and Investment Management and Advisory [9]. - The company has a presence in multiple countries, including Peru, Chile, Colombia, Bolivia, and Panama [9].

Lima, Dec. 30, 2024 (GLOBE NEWSWIRE) -- LIMA, PERU, December 30, 2024 – Credicorp Ltd. (“Credicorp”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia, and Panama, announced today that its subsidiary Credicorp Capital S.A. Sociedad Administradora de Fondos (“Credicorp Capital”), has notified its clients that it has offered to purchase 100% of the value of investments in the Credicorp Capital Factoring Dólares FMIV and Credicorp Capital ...

Core Viewpoint - The article compares Credicorp (BAP) and National Australia Bank Ltd. (NABZY) to determine which stock presents a better undervalued investment opportunity for investors [1]. Group 1: Company Rankings and Performance - Credicorp has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook compared to National Australia Bank Ltd., which has a Zacks Rank of 4 (Sell) [3]. - BAP has seen a stronger improvement in its earnings outlook than NABZY recently, making it more appealing to investors [3]. Group 2: Valuation Metrics - BAP has a forward P/E ratio of 9.93, significantly lower than NABZY's forward P/E of 16.07, suggesting BAP may be undervalued [5]. - The PEG ratio for BAP is 0.65, while NABZY's PEG ratio is much higher at 4.13, indicating BAP's expected earnings growth is more favorable [5]. - BAP's P/B ratio stands at 1.71, compared to NABZY's P/B ratio of 1.78, further supporting BAP's valuation attractiveness [6]. Group 3: Value Grades - BAP has a Value grade of B, while NABZY has a Value grade of C, indicating that BAP is perceived as a better value investment at this time [7].

For those looking to find strong Finance stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Credicorp (BAP) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Finance peers, we might be able to answer that question.Credicorp is a member of our Finance group, which includes 871 different companies and currently sits at #1 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, ...

Group 1 - Credicorp Ltd. has announced the schedule for its 2025 Quarterly Earnings Releases, which will be available on its website [1] - The dates for the Earnings Release Reports are as follows: 1Q25 on May 15, 2025; 2Q25 on August 14, 2025; 3Q25 on November 13, 2025; and 4Q25 on February 12, 2026 [1] - Conference Call details will be provided 15 calendar days prior to each Earnings Release [1] Group 2 - Credicorp Ltd. is the leading financial services holding company in Peru, with operations in Chile, Colombia, and Bolivia [2] - The company has a diversified business portfolio organized into four lines: Universal Banking, Microfinance, Insurance & Pension Funds, and Investment Management & Advisory [2]

Core Viewpoint - The analysis compares two financial institutions, Credicorp (BAP) and Nu Holdings Ltd. (NU), to determine which stock presents a better value opportunity for investors seeking undervalued stocks [1]. Valuation Metrics - Credicorp (BAP) has a Zacks Rank of 2 (Buy), indicating a more favorable earnings estimate revision activity compared to Nu Holdings Ltd. (NU), which has a Zacks Rank of 3 (Hold) [3]. - BAP's forward P/E ratio is 10.01, significantly lower than NU's forward P/E of 32.80, suggesting that BAP may be undervalued relative to NU [5]. - The PEG ratio for BAP is 0.65, while NU's PEG ratio is 0.66, indicating similar expected earnings growth rates but a more attractive valuation for BAP [5]. - BAP has a P/B ratio of 1.72, which is much lower than NU's P/B ratio of 8.44, further supporting the argument that BAP is undervalued [6]. Investment Grades - Based on various valuation metrics, BAP holds a Value grade of B, while NU has a Value grade of D, highlighting BAP's superior valuation profile [7].

Peru may not be the fastest-growing credit market in Latin America, but as I've stressed before (see Credicorp: Stay Upbeat On Peru's Premier Financial Group ), its highly concentrated banking system is among the region's most profitable. Credicorp (Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not recei ...