BAP Stock Summary and Trading Ideas (Credicorp Ltd. | NYSE:BAP)

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.

Credicorp Ltd. trades on the NYSE stock market under the symbol BAP.

As of May 13, 2024, BAP stock price declined to $170.36 with 284,130 million shares trading.

BAP has a beta of 0.88, meaning it tends to be less sensitive to market movements. BAP has a correlation of 0.15 to the broad based SPY ETF.

BAP has a market cap of $13.55 billion. This is considered a Large Cap stock.

Last quarter Credicorp Ltd. reported $912 million in Revenue and $5.06 earnings per share. This fell short of revenue expectation by $-388 million and exceeded earnings estimates by $1.17.

In the last 3 years, BAP stock traded as high as $182.11 and as low as $88.67.

The top ETF exchange traded funds that BAP belongs to (by Net Assets): IEMG, VYM, ILF, EMXC, EEM.

BAP has underperformed the market in the last year with a price return of +20.0% while the SPY ETF gained +27.8%. However, in the short term, BAP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +10.4% vs +4.3% return in SPY. But in the last 2 weeks, BAP shares have been beat by the market, returning +2.0% compared to an SPY return of +2.5%.

BAP support price is $172.11 and resistance is $177.73 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BAP stock will trade within this expected range on the day.