Banco Latinoamericano de ercio Exterior(BLX)
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Why Banco Latinoamericano (BLX) is a Great Dividend Stock Right Now
ZACKS· 2024-08-28 16:46
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But for income investors, generating consistent cash flow from each of your liquid investments is your primary focus. Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a metric that ...
Why Banco Latinoamericano (BLX) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-08-12 16:47
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. However, when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments. While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it ...
Bladex: Q2 2024 Keeps The Performance Trend, The Bank Is Still A Buy
Seeking Alpha· 2024-07-25 03:43
Banco Latinoamericano de Comercio Exterior (NYSE:BLX), or Bladex for short, reported 2Q24 results today. This article covers the results and earnings call and revisits the company valuation from my previous article in April 2024. Bladex continues to expand its book, financing it with deposits. It continues to grow its fee-generating letter of credit business and has driven its efficiency ratio to below 25%, positioning it as one of the most efficient banks globally. The bank's main risk is the reduction of ...
Banco Latinoamericano de ercio Exterior(BLX) - 2024 Q2 - Earnings Call Transcript
2024-07-24 19:39
Jorge Salas - Chief Executive Officer Ana Graciela de Mendez - Executive Vice President and Chief Financial Officer Samuel Canineu - Executive Vice President, Commercial Banking Good morning, ladies and gentlemen, and welcome to Bladex Second Quarter 2024 Earnings Conference Call. A slide presentation is accompanying today's webcast and is also available on the Investors section of the company's website, www.bladex.com. There will be an opportunity for you to ask questions at the end of today's presentation ...
Banco Latinoamericano de ercio Exterior(BLX) - 2024 Q2 - Earnings Call Presentation
2024-07-24 17:07
| --- | --- | --- | |------------------------|-------|-------| | | | | | | | | | 2Q24 Earnings Results | | | | July 2024 | | | Steady Margins with Robust Asset Quality Strong Fee Income and Efficiency Improvement Solid Profits and RoE NIM 2.43% ↓ 4 bps QoQ | ↑ 1 bps YoY © NPLs 0.14% 0 bps QoQ | ↓ 1 bps YoY ROE 16.2% ↓ 54 bps QoQ | ↑279 bps YoY 2 11 37 51 23 37 50 6M 2022 6M 2023 6M 2024 2Q24 ROE 16.2% 34 74 101 1Q 2Q 3(USD millions, except for %) Continued Assets Expansion and Commercial Portfolio Growth (U ...
BLADEX ANNOUNCES QUARTERLY DIVIDEND PAYMENT FOR SECOND QUARTER 2024
Prnewswire· 2024-07-23 22:00
PANAMA CITY, July 23, 2024 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"), announced today its Board of Directors' approval of a quarterly cash dividend of US$0.50 per share corresponding to the second quarter of 2024. The cash dividend is payable August 20, 2024 to the Bank's stockholders as of August 5, 2024 record date. As of June 30, 2024, Bladex had 36,786,976.36 shares outstanding of all classes. Bladex is listed on the NYSE in the United States of America (N ...
Bladex announces 2Q24 Net Profit of $50.1 Million, or $1.36 per share; annualized return on equity of 16.2% in 2Q24
Prnewswire· 2024-07-23 22:00
2Q24 & 6M24 Financial & Business Highlights Profit for the period $50.1 $51.3 $37.1 $101.4 $74.0 Recent Events Footnotes Safe Harbor Statement Bladex, a multinational bank originally established by the central banks of Latin-American and Caribbean countries, began operations in 1979 to promote foreign trade and economic integration in the Region. The Bank, headquartered in Panama, also has offices in Argentina, Brazil, Colombia, Mexico, and the United States of America, and a Representative License in Peru, ...
Banco Latinoamericano (BLX) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2024-07-19 16:46
High-growth firms or tech start-ups, for example, rarely provide their shareholders a dividend, while larger, more established companies that have more secure profits are often seen as the best dividend options. During periods of rising interest rates, income investors must be mindful that high-yielding stocks tend to struggle. With that in mind, BLX is a compelling investment opportunity. Not only is it a strong dividend play, but the stock currently sits at a Zacks Rank of 3 (Hold). Getting big returns fr ...
Bladex Selects CGI as Partner for Trade Finance Business Evolution, Enabled by the CGI Trade360® Global Technology Platform
Prnewswire· 2024-07-18 10:00
"We appreciate the partnership with CGI and the future implementation of this powerful technology platform that will allow us to accelerate the deployment of digital solutions which constitutes an important milestone in our continuous service improvement strategy. In this way, we advance in our strategy as a benchmark bank in trade finance solutions in Latin America." Founded in 1976, CGI is among the largest independent IT and business consulting services firms in the world. With 90,000 consultants and pro ...
Bladex Acts as Joint Lead Arranger and Bookrunner for Interceramic US$665mm Syndicated Loan Facility
Prnewswire· 2024-06-27 12:16
Established in 1979 in Chihuahua, Mexico, Interceramic is a leading company dedicated to the production and commercialization of glazed ceramic tiles for floors and walls, as well as complementary related products in Mexico, the United States, Guatemala, and China. Interceramic distinguishes itself from its competitors by being the leader in quality, innovation, and service of ceramic products, offering the public an extensive range of high-quality products that feature the most innovative designs and model ...