When it comes to understanding the potential movement of stocks, the relative strength index (RSI) is a valuable tool. It is a momentum indicator measuring price changes, giving valuable insights as it oscillates from 0 to 100. Readings over 70 indicate an asset is overbought and below 30 oversold. Typically, these points mark high and low points for a given asset.However, an interesting opportunity lies in the mid-point of the RSI. A reading of 50 represents where an asset may transition towards overbought ...

Here are three stocks with buy rank and strong income characteristics for investors to consider today, January 29:Sandy Spring Bancorp, Inc. (SASR) : This bank holding company for Sandy Spring Bankhas witnessed the Zacks Consensus Estimate for its current year earnings increasing 12.7% the last 60 days.This Zacks Rank #1 company has a dividend yield of 5.3%, compared with the industry average of 2.9%.Flushing Financial Corporation (FFIC) : This bank holding company for Flushing Bank has witnessed the Zacks ...

Lima, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, January 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 4Q23 Earnings Release Report will be released on Thursday, February 8th, 2024, after market close. Credicorp’s Webcast / Conference Call to discuss such results; will be held on Friday, February 9th, 2024, at 9:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by Gianfranco Ferrari – Chief Executive Officer, Cesar Rios - Chief Financial Officer, Frances ...

Lima, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, January 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 4Q23 Earnings Release Report will be released on Thursday, February 8th, 2024, after market close. Credicorp's Webcast / Conference Call to discuss such results; will be held on Friday, February 9th, 2024, at 9:30 a.m. ET (9:30 a.m. Lima, Peru time). The call will be hosted by Gianfranco Ferrari – Chief Executive Officer, Cesar Rios - Chief Financial Officer, Frances ...

Lima, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, January 18th, 2024 -- Credicorp (NYSE:BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 4Q23's earnings release on January 25th. This period will end on the date of the release, February 8th. During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related ...

Investors interested in Banks - Foreign stocks are likely familiar with Credicorp (BAP) and HDFC Bank (HDB) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank is a proven strategy that targets companies with positive ea ...

| --- | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | C R E D I C � R P | | | | | | 3Q/2023 Milagros Cigüeñas Roxana Mossi Fernando Castillo, CFA Andrea Sertzen, FRM Fernando Salgado Jose Bartra Juan Carlos Benites Marco Perez investorrelations@credicorpperu.com | | | | | Exhibit 99.1 | Earni ...

Credicorp Ltd. (NYSE:BAP) Q3 2023 Earnings Conference Call November 3, 2023 10:30 AM ET Company Participants Milagros Ciguenas - IRO Cesar Rios - CFO Raimundo Morales - CEO, Yape Reynaldo Llosa - Chief Risk Officer Conference Call Participants Tito Labarta - Goldman Sachs Ernesto Gabilondo - Bank of America Merrill Lynch Geoffrey Elliott - Autonomous Research Thiago Batista - UBS Yuri Fernandes - JPMorgan Sergey Dubin - HL Carlos Gomez - HSBC Andres Soto - Santander Operator Good morning everyone. I would l ...

ＣＲＥＤＩＣＣＲＰ Earnings Conference Call November 2023 Earnings Conference Call Earnings Conference Call Safe Harbor This material includes "forward-looking statements" within the meaning of Section 27A of the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934. All statements other than statements of historical fact are forward-looking and may contain information about financial results, economic conditions, trends and known uncertainties. Forward-looking statements are not as ...

Financial Performance - Net Income attributable to Credicorp increased 22.6% YoY to S/1,401 million, resulting in a ROE of 18.6%[5] - Net Income attributable to Credicorp reached S/1,401 million, up 1.2% QoQ and 22.6% YoY, with a ROE of 18.6%[30] - BCP Stand-alone reported 8.5% YoY growth in Net Income, mainly from an increase in Net Interest Income (NII)[35] - Net profit for 2Q23 reached S/1,429,817, reflecting a 22.1% increase year-over-year[38] - Total other income increased by 19.7% year-over-year to S/1,433,786 in 2Q23[38] Loan and Deposit Trends - Structural Loans measured in average daily balances declined 0.6% QoQ but increased 5.5% YoY, driven by growth in Retail Banking at BCP[5] - Total Deposits at quarter-end declined 3.5% QoQ and 2.7% YoY, with Credicorp maintaining a 40.6% market share in low-cost deposits[5] - Total loans as of June 2023 amounted to S/137,905 million, reflecting a QoQ decrease of 0.5% and a YoY increase of 1.6%[66] - Government Program Loans dropped 26.7% QoQ and 64.3% YoY, representing 3.9% of total loans at quarter-end[59] - The loan portfolio quality showed an NPL ratio of 5.64% in 2Q23, an increase of 46 basis points year-over-year[38] Risk and Provisions - The Structural NPL ratio increased 23 bps QoQ to 5.3%, influenced by social unrest and high inflation[6] - Structural Provisions increased 10.5% QoQ and 124.3% YoY, reflecting a challenging macroeconomic environment[7] - Structural Cost of Risk stood at 2.3%, reflecting the impact of adverse macroeconomic conditions on client payment capacity[22] - The coverage ratio of NPLs decreased to 98.7% in 2Q23, down 790 basis points year-over-year[38] - Provisions for credit losses on the loan portfolio rose to S/ 882,156,000 in 2Q23, reflecting a 10.4% increase QoQ and a 100.3% increase YoY[108] Efficiency and Cost Management - The Efficiency Ratio improved 310 bps YoY to 44.4% for 1H23, despite a seasonal increase in 2Q23[9] - The efficiency ratio improved to 44.6% in 2Q23, a decrease of 310 basis points year-over-year[38] - Operating expenses increased 9.1% YoY, primarily due to expenses at BCP and disruptive initiatives[29] - Total operating expenses reached S/2,103,072 in Q2 2023, reflecting a 3.2% QoQ increase[140] - Disruptive expenses surged by 69.6% YTD, representing 9.0% of total operating expenses, attributed to investments in various digital initiatives[147] Digital Engagement and User Metrics - Monthly active users (MAU) of Yape reached 9.0 million, with monthly revenue per MAU up 32% QoQ to S/2.5[10] - Yape reached 12.6 million users by the end of Q2 2023, with 9.0 million monthly active users (MAU), representing a 70% engagement rate[44] - In Q2 2023, Yape executed 615 million transactions, totaling S/53 billion year-to-date, averaging 25 transactions per MAU[44] - Yape users made over 34.4 million mobile top-ups in Q2 2023, marking a 13.3% increase from Q1 2023 and a 208% increase from Q2 2022[46] - Yape's Net Promoter Score (NPS) reached 78 points in Q2 2023, indicating strong user satisfaction[49] Capital and Regulatory Ratios - The CET1 Ratio for BCP at quarter-end was 12.8%, up 123 bps YoY and 87 bps QoQ[9] - Credicorp's Tier 1 ratio increased to 12.75% in 2Q23, up 89 basis points from the previous quarter[38] - The Global Capital Ratio at BCP Stand-alone reached 17.2%, up 75 bps QoQ, driven by the same factors affecting the IFRS CET1 Ratio[156] - Credicorp's Regulatory Capital Ratio stood 1.46 times above the minimum requirement, with a slight QoQ increase of 3 bps[153] - The structural allowance for loan losses stood at S/ 7,824 million, reflecting a QoQ increase of 0.6% but a YoY decrease of 3.6%[66] Economic Environment and Challenges - In 2Q23, the Peruvian economy is expected to have contracted around 0.5% YoY, marking its worst performance in 22 years, excluding the pandemic[163] - Inflation closed 2Q23 at 6.5% YoY, after remaining above or close to 8.0% for 14 consecutive months[166] - The annualized fiscal deficit rose to 2.6% of GDP in the last 12 months to June 2023, with tax revenues falling 14.2% YoY[168] - The trade balance surplus rose to USD 11.6 billion by May 2023, although exports fell 3.2% YoY to USD 64.9 billion[169] - The Central Reserve Bank of Peru maintained the monetary policy rate at 7.75%, its highest level since January 2023[166] IFRS 17 Implementation - The implementation of IFRS 17 resulted in a net equity increase of S/. 10 million for Pacifico Seguros by the end of December 2022 compared to IFRS 4[186] - The aggregate impact of implementing IFRS 17 on the net earnings of Credicorp was not material, amounting to S/. 15 million[192] - The recognition of insurance underwriting income under IFRS 17 is fundamentally different, requiring present value measurements of insurance obligations[190] - The adjustment in the Efficiency Ratio reflects a more accurate representation of the company's operational efficiency[199] - The company is transitioning to IFRS 17, which may affect future financial reporting and performance metrics[199]