$73.86 0.44 (+0.60%)
11/25/2009 4:03 PM

Credicorp Ltd. (USA) (BAP)

CAPS Rating: 3 out of 5

The Company, through its banking and non-banking subsidiaries, provides a range of financial services and products throughout Peru and in selected international markets.

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Member Avatar rofgile (84.39) Submitted: 11/23/2009 11:35:58 AM : Outperform Start Price: $74.96 BAP Score: -1.58

Watch how Peru benefits during a rebounding China or China bubble state!
-Rof

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Member Avatar mrbill6 (< 20) Submitted: 10/29/2009 8:16:43 PM : Outperform Start Price: $69.56 BAP Score: +1.40

moneycentral rated: 10, navallier rated:A

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Member Avatar pharmacist2011 (83.17) Submitted: 10/28/2009 8:34:05 PM : Outperform Start Price: $68.75 BAP Score: +1.55

Purely on technicals.... Must revert back to the mean. I'd much prefer to buy on Monday, but I'll go ahead and jump in today. BAP is below it's lower BB, and has been decreasing steadily downward for the last few days. Of course, such is the case with the other financials, however, because of the severity of the dip, I believe this makes for an excellent entry point for BAP.

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Member Avatar pmccann80 (30.81) Submitted: 10/25/2009 2:06:11 PM : Outperform Start Price: $75.86 BAP Score: -5.15

I should have added this one a few years ago. Living in Peru, I've seen how well this bank is managed and their strategy. Peru's been booming for years and is expected to continue for the near term. Housing and rents have doubled in three years and consumer debt is very low. Credicorp is still wading into the lucrative microfinance sector and I would expect them to increase their profits per the relatively higher interest loans. I'll be buying on the inevitable emerging markets pullback.

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Member Avatar jameshartland (87.86) Submitted: 6/26/2009 10:23:18 AM : Outperform Start Price: $58.06 BAP Score: +4.91

Well managed bank in emerging market with many fair winds blowing for it

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Member Avatar captfluffy (93.68) Submitted: 4/22/2009 3:46:33 PM : Outperform Start Price: $50.07 BAP Score: +15.21

I was in Peru April 09 and the economy appears to be solid. The political situation is stable. Talking to the locals they are not in fear of the global downturn.

In 2007 Peru GDP grew 9%. In 2008 the growth was 9.8%. in 2009 they are projected to grow 3%, which is much better than some industrialized countries around the world.

This bank is huge in Peru, specially Lima which holds 45% of the country's population. The bank will benefit from the Peruvian government's increased spending and stable structure.

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Member Avatar hardthinker (52.60) Submitted: 3/18/2009 7:40:15 PM : Outperform Start Price: $41.98 BAP Score: +35.97

Best bank in Peru, should benefit from Brazillian effort to get a port on the Pacific via Peru. Brazil funds the infrastructure and BAP benefits. And they are the stock exchange in Peru. And they have been there forever.

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Member Avatar Alex1453 (98.91) Submitted: 1/25/2009 4:24:13 AM : Outperform Start Price: $42.62 BAP Score: +37.72

Battered credit markets decrease the price, but the region is still growing and the company has a good firm footing.

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Member Avatar tutaemeia (97.18) Submitted: 12/12/2008 6:49:15 AM : Outperform Start Price: $40.32 BAP Score: +49.63

One of my top bets in LATAM financial sector. Why? Not just because the analysts are expectig that the profits for 2008 reach 25% and in 2009 12% but, particullary because of the fundamentals:
Efficiency ratio = 67%
Price/FCF = 2,59x
P/B = 1,86x
PER = 7,61x
Deposit growth = 28,42%
ROE = 24%.

Apart of that, the business strategy of Credicorp is very interesting. Instead of opening complete agencies they are contrating the owers of small shops and install inside it automatic machines that can offer the basic financials services.
Even the political risk that always came to our mind when talk about investment in LATAM is not now a problem. Peru seems to be a good student in terms of monetary political and Credicorp will win with that. This is a bet for the long run!!!!!!!!!

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Member Avatar ridewitfrank (< 20) Submitted: 11/30/2008 11:45:00 PM : Underperform Start Price: $41.12 BAP Score: -49.03

will decline by at least 15%

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Member Avatar latinpicker (96.09) Submitted: 11/14/2008 11:10:33 AM : Outperform Start Price: $40.80 BAP Score: +52.31

This bank should benefit from the positive macroeconomic environment in Peru. Also, the Peru population is not very bancarized, offering great growth prospects.

Nice valuation after meltdown.

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Member Avatar slm05k (< 20) Submitted: 6/8/2008 9:36:56 PM : Outperform Start Price: $81.38 BAP Score: +6.49

good writeup in IBD on this one...Peru's banks are doing great check out OFG also

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Member Avatar lywama (< 20) Submitted: 5/23/2008 4:02:26 PM : Outperform Start Price: $78.67 BAP Score: +10.07

BAP is based in Peru, the most fast growing country in Latin America. Peru has the biggest grow forecast, and BAP is the first bank in Peru

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Member Avatar setdhook2 (< 20) Submitted: 4/24/2008 12:59:32 PM : Outperform Start Price: $76.87 BAP Score: +13.02

Largest Peruvian bank has been on fire

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Member Avatar svenh (49.41) Submitted: 4/12/2008 10:37:07 PM : Outperform Start Price: $74.53 BAP Score: +11.97

Just because the US is falling apart doesn't mean Peru is not a great investment opportunity.

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Member Avatar windorgolf (87.79) Submitted: 4/12/2008 8:10:42 PM : Outperform Start Price: $74.53 BAP Score: +11.97

Cramer is big on this one. Had to go with it.

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Member Avatar Aiden1976 (97.54) Submitted: 4/1/2008 12:44:38 AM : Outperform Start Price: $70.99 BAP Score: +17.64

great banking company from Peru. One of the up coming emerging country. It gives a great yield and good stock history performance.

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Member Avatar Cuchulainn1 (< 20) Submitted: 3/31/2008 6:22:58 PM : Outperform Start Price: $70.99 BAP Score: +17.64

Tracking Jim Cramer

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Member Avatar konsolo (95.68) Submitted: 3/24/2008 1:06:48 PM : Outperform Start Price: $71.43 BAP Score: +18.16

<>

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Member Avatar grammatoncleric (67.22) Submitted: 2/15/2008 1:06:44 AM : Underperform Start Price: $70.89 BAP Score: -17.92

foreign banking

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