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

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.

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

As of April 18, 2024, BAP stock price climbed to $161.88 with 178,036 million shares trading.

BAP has a beta of 0.92, meaning it tends to be less sensitive to market movements. BAP has a correlation of 0.14 to the broad based SPY ETF.

BAP has a market cap of $12.87 billion. This is considered a Large Cap stock.

Last quarter Credicorp Ltd. reported $1 billion in Revenue and $2.80 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.07.

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, EEM, EMXC.

BAP has underperformed the market in the last year with a price return of +22.2% while the SPY ETF gained +22.3%. However, in the short term, BAP had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.6% vs +6.1% return in SPY. But in the last 2 weeks, BAP shares have been beat by the market, returning -4.8% compared to an SPY return of -3.8%.

BAP support price is $157.99 and resistance is $163.99 (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.