Credicorp (NYSE:BAP) Stock, Quote.Headers.trade-ideas

Credicorp

Credicorp Ltd is a Peruvian financial services company. It operates in four business lines including Universal Banking, Insurance and Pensions, Microfinance, and Investment Management & Advisory. Its subsidiaries include Banco de Credito del Peru, Prima AFP, and Credicorp Capital.

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If you are looking for a profitable portfolio of stocks offering the best of value and growth investing, try the growth at a reasonable price or GARP strategy.

Scoop Up These 4 GARP Stocks to Receive Handsome Returns

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63 Biggest Movers From Yesterday

Credicorp Ltd

Innovator U.S. Equity Buffer ETF - April

BANPU PUB CO FGN REG SHS by Banpu Public Co., Ltd.

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Dividends

Credicorp Announces Special Cash Dividend Of S/11.0000 Per Share

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Credicorp shares are trading lower after the company reported worse-than-expected Q2 EPS results.

Credicorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) reported quarterly earnings of $4.54 per share which missed the analyst consensus estimate of $4.67 by 2.78 percent. This is a 4.62 percent decrease over earnings of $4.76 per share from the same period last year. The company reported quarterly sales of $1.39 billion which beat the analyst consensus estimate of $1.29 billion by 7.36 percent. This is a 10.36 percent increase over sales of $1.25 billion the same period last year.

Credicorp Q2 EPS $4.54 Misses $4.67 Estimate, Sales $1.39B Beat $1.29B Estimate

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Shares of banks are trading higher following a report suggesting the Fed is considering updating its GSIB surcharge rules. Investors also may be assessing Fed Chair Powell's testimony.

If you are looking for a profitable portfolio of stocks offering the best of value and growth investing, try the growth at a reasonable price or GARP strategy.
The strategy helps investors gain exposure to undervalued stocks with impressive prospects. Unlike a blend strategy, a portfolio that uses GARP investing is expected to include stocks that offer the best value and growth investing. Booz Allen Hamilton (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bah#NYSE">BAH</a>), Ameriprise Financial (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amp#NYSE">AMP</a>), CrediCorp (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bap#NYSE">BAP</a>) and AECOM (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/acm#NYSE">ACM</a>) are some GARP stocks that hold promise.
<h3>GARP Metrics &mdash; Mix of Growth &amp; Value Metrics</h3>
The GARP strategy seeks to offer an ideal investment by utilizing the best features of value and growth investing. Investors adopting the GARP approach prefer buying stocks priced below the market or any reasonable target determined by fundamental analysis. These stocks also have solid prospects in terms of cash flow, revenues, earnings per share and so on.
Growth Metrics
A strong earnings growth history and impressive earnings prospects are the main concepts that GARP investors borrow from the growth investing strategy. However, instead of super-normal growth rates, pursuing stocks with a more stable and reasonable growth rate is a tactic of GARP investors. Hence, growth rates between 10% and 20% are considered ideal under the GARP strategy.
Another metric that growth and GARP investors consider is the return on equity (ROE). GARP investors look for a strong and higher ROE than the industry average to identify superior stocks. Stocks with positive cash flows find precedence under the GARP plan.
Value Metrics
GARP investing prioritizes the popular value metrics &mdash; the price-to-earnings (P/E) and price-to-book (P/B) ratios. Though this investing style picks stocks with higher P/E ratios than value investors, it avoids companies with extremely high P/E ratios.
Using the GARP principle, we ran a screen to identify stocks that should offer solid returns in the near term.
<h3>Screening Parameters</h3>
Along with the criteria discussed in the above section, we have considered a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Last 5-year EPS &amp; projected 3-5-year EPS growth rates between 10% and 20% (Strong EPS growth history and prospects ensure improving business.)
ROE (over the past 12 months) greater than the industry average (Higher ROE than the industry average indicates superior stocks.)
P/E and P/B ratios less than the M-industry average (P/E and P/B ratios less than that of the industry indicate that the stocks are undervalued.)
Here are four of the five stocks that made it through the screen:
Booz Allen Hamilton is a provider of management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber expertise to the United States and international governments, corporations and not-for-profit organizations. The company currently carries a Zacks Rank #2.
Booz Allen Hamilton has gained 45.9% year to date. It has a trailing four-quarter earnings surprise of 12.5%, on average. The Zacks Consensus Estimate for fiscal 2025 earnings has moved 2.4% north to $6.05 per share over the past 30 days.
Ameriprise Financial is a diversified financial services company that offers a wide range of products and services focused on financial planning and advice. The company helps its individual and institutional clients achieve their financial objectives. AMP currently carries a Zacks Rank #2.
Ameriprise Financial has gained 35.4% in a year. It has a trailing four-quarter earnings surprise of 2%, on average. The Zacks Consensus Estimate for 2024 earnings has moved 0.1% north to $34.95 per share over the past 30 days.
CrediCorp is a limited liability company that acts as a holding company, coordinates the policy and administration of its subsidiaries, and engages in investing activities. BAP currently carries a Zacks Rank #2.
CrediCorp has gained 36.9% year to date. It delivered a trailing four-quarter earnings surprise of 0.99%, on average. The Zacks Consensus Estimate for BAP&#39;s 2024 earnings has moved 0.6% north to $18.76 per share over the past 30 days.
AECOM specializes in providing integrated services for planning, construction and maintenance of infrastructures that include consulting, architecture, engineering and managing the requirements for energy, water and environment to various private and public clients. ACM currently carries a Zacks Rank #2.
AECOM has gained 7.6% over a year. It has a trailing four-quarter earnings surprise of 3.03%, on average. The Zacks Consensus Estimate for ACM&#39;s fiscal 2024 earnings has been unchanged at $4.49 per share over the past 30 days.
Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.
<a href="https://www.zacks.com/stock/news/2294191/scoop-up-these-4-garp-stocks-to-receive-handsome-returns?cid=CS-BENZ-FT-analyst_blog|rw-2294191">To read this article on Zacks.com click here.</a>

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Shares of companies within the broader financial sector are trading lower amid overall market weakness, offsetting strong bank earnings.

JP Morgan analyst Yuri Fernandes maintains Credicorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) with a Overweight and raises the price target from $190 to $194.

Price Target

JP Morgan Maintains Overweight on Credicorp, Raises Price Target to $194

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Earnings Scheduled For February 8, 2024

Credicorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement.
Analysts estimate that Credicorp will report an earnings per share (EPS) of $2.72. 
Credicorp bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 5.39% drop in the share price the next day.
Here's a look at Credicorp's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>4.19</td>
<td>4.29</td>
<td>4.17</td>
<td>3.90</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>4.22</td>
<td>4.76</td>
<td>4.55</td>
<td>3.45</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-5.39%</td>
<td>-4.94%</td>
<td>5.56%</td>
<td>-7.29%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707332493_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Credicorp were trading at $153.45 as of February 06. Over the last 52-week period, shares are up 11.42%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/BAP/earnings">To track all earnings releases for Credicorp visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Credicorp's Earnings Outlook

UBS analyst Thiago Batista maintains Credicorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) with a Buy and lowers the price target from $192 to $190.

UBS Maintains Buy on Credicorp, Lowers Price Target to $190

Credicorp Ltd. ("Credicorp" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>, BVL: BAP)))), the leading financial services holding company in Peru with a presence in Chile, Colombia, Bolivia and Panama today announced senior leadership changes to underscore the Company's commitment to strengthening its market-leading organization, serving its customers and driving sustainable growth.&nbsp; The Board of Directors appointed at its meeting held today,&nbsp;Cesar Ríos Briceño as Chief Risk Officer (CRO) of Credicorp and BCP and Alejandro Pérez-Reyes Zarak as Chief Financial Officer (CFO) of Credicorp and BCP. &nbsp;In addition, André Rezende, Chief Technology Officer (CTO) will now report to the Chief Executive Officer. To facilitate a smooth transition, the management shift will commence on March 1, 2024, and the new appointments will officially take effect on July 1, 2024. Moreover, Michelle Labarthe Wiese, joins Credicorp as Chief Strategy Officer (CSO), a newly created position that will oversee the Sustainability, Strategy &amp; Corporate Development, and M&amp;A functions, effective January 2nd, 2024.
"With these appointments, we reaffirm our unwavering commitment to fortifying our market-leading organization.&nbsp; The appointment of Cesar Ríos as CRO and Alejandro Pérez-Reyes as CFO, who have worked closely for over 25 years, marks a strategic move towards enhancing our corporate strength.&nbsp; Furthermore, with André Rezende, our CTO, reporting directly to me, we strengthen our focus on technology-driven innovation.&nbsp; In addition, we are thrilled to welcome Michelle Labarthe as CSO.&nbsp; Michelle's extensive experience in financial advisory is a valuable asset to our team. Her wealth of expertise enriches our shared commitment to achieving strategic excellence and sustainable growth. We look forward to leveraging her insights to further elevate our company's success in a dynamic and competitive business environment," commented Gianfranco Ferrari, CEO of Credicorp.&nbsp;
"I also wish to thank Reynado Llosa Benavides who will retire and leave his roles as BCP's CRO and Corporate CRO, after 30 years of an impeccable career. Reynaldo's exceptional human and professional qualities have left an indelible mark on our organization. We look forward to his continued contributions as Director of both BCP Bolivia and Mibanco," closed Mr. Ferrari.
Appointment of Cesar Ríos Briceño as CRO of Credicorp and BCP
Cesar Ríos Briceño, currently CFO of Credicorp and BCP, was appointed CRO of Credicorp and BCP replacing Reynaldo Llosa Benavides who has tendered his resignation effective June 30, 2024. Cesar Ríos Briceño has been the Credicorp CFO since 2018 and has a distinguished 30-year career at BCP and within the Group.&nbsp; Throughout this time, he has held key positions in Corporate Finance, Operations, Credit, Collections, Planning, and Financial Control, among others. He brings to the CRO role a profound understanding of the organization garnered through his tenure and diverse experiences within the organization.
Appointment of Alejandro Pérez-Reyes Zarak as CFO of Credicorp
Alejandro Pérez-Reyes Zarak, currently COO of Credicorp, has been appointed as CFO of Credicorp, effective July 1, 2024, replacing Mr. Ríos Briceño. The current responsibilities of Mr. Pérez-Reyes Zarak will be distributed among other members of the senior management team and the COO role will cease to exist. In addition to his position as COO of Credicorp, over his 25-years´ experience at the Company Alejandro held different positions including Head of Derivatives and Structured Products at BCP, Chief Investment Officer at&nbsp;Prima AFP,&nbsp;COO and Peru Country Head of Credicorp Capital, a company that he joined at its initiation and played a pivotal role in steering the company through a recent transformation of its operating model.&nbsp; He was also Head of Asset Management of&nbsp;Credicorp Capital.
CTO of Credicorp to Report to Company CEO
Effective July 1st, the role of CTO, headed by André Rezende, will report directly to Gianfranco Ferrari, Chief Executive Officer of Credicorp, reflecting Mr. Ferrari´s focus on remaining close to the advancement of Credicorp´s technological agenda.
Chief Strategy Officer Position Created
Moreover, the Board approved the creation of the Chief Strategy Officer position overseeing Sustainability, Strategy &amp; Corporate Development, and M&amp;A functions. This new position will be held by Michelle Labarthe Wiese, who will join the Company effective January 2nd, 2024. Ms. Labarthe Wiese has over 20 years' experience in finance, particularly in investment banking as Country Head at Lazard in Perú, Director at Rothchild and Lehman Brothers in London covering financial institutions in Europe and Latin America, among others. She is also a Board Member of several family group companies in Perú and Latin America. Ms. Labarthe Wiese holds a bachelor's degree in Industrial Engineering from Universidad de Lima, Perú and an MBA from HEC School of Management in France.
After these changes, Credicorp will have a total of 25% of its senior management leadership represented by women, up from 20%.

Management

Credicorp Announces Executive Leadership Changes Effective July 1, 2024; Alejandro Pérez-Reyes Zarak Appointed As Chief Financial Officer

JP Morgan upgraded its rating of Credicorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) to Overweight with a price target of $190.00, changing its price target from $162.00 to $190.00.
Shares of Credicorp are trading up 3.61% over the last 24 hours, at $145.39 per share.
A move to $190.00 would account for a 30.68% increase from the current share price.
<h3>About Credicorp</h3>
Credicorp Ltd is a financial services company in Peru. The company is involved mainly in commercial banking, providing trade finance, corporate finance, and leasing services. It also offers insurance for commercial property, transportation, automobile, life, health, and investment banking services: brokerage services, asset management, trust, custody and securitization services, trading and investment, and pension fund business. The company operates the following subsidiaries: Banco de Credito del Peru, Atlantic Security Bank, Prima AFP, El Pacifico-Peruano Suiza Compania de Seguros y Reaseguros, Credicorp Capital, and BCP Bolivia.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

JP Morgan Upgrades Credicorp: Here's What You Need To Know

Credicorp shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $162 to $190.

JP Morgan analyst Yuri Fernandes upgrades Credicorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAP#NYSE">BAP</a>) from Neutral to Overweight and raises the price target from $162 to $190.

Upgrades

JP Morgan Upgrades Credicorp to Overweight, Raises Price Target to $190

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Shares of financial stocks are trading higher amid strong market sentiment following the Fed's decision to leave rates unchanged.

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Credicorp (NYSE:BAP) Stock, Quote.Headers.trade-ideas