BCH Stock Summary and Trading Ideas (Banco De Chile Ads | NYSE:BCH)

Operating under three separate brand names (Banco de Chile, Banco Edwards-Citi, and Banco CrediChile) Banco de Chile is the second largest in the country by loans and third largest by deposits. Banco de Chile generates most of its net interest income (roughly 60% of total revenue) from its mortgage, unsecured consumer credit lines, and commercial loans, with 25% of its outstanding loans being made to firms with more than 10,000 million CLP in revenue. Outside of its banking business, Banco de Chile is the largest asset manager in the country and one of the largest security brokerages, supporting its substantial fee-based revenue.

Banco De Chile Ads trades on the NYSE stock market under the symbol BCH.

As of April 18, 2024, BCH stock price climbed to $22.06 with 18,088 million shares trading.

BCH has a beta of 0.80, meaning it tends to be less sensitive to market movements. BCH has a correlation of 0.13 to the broad based SPY ETF.

BCH has a market cap of $11.14 billion. This is considered a Large Cap stock.

Last quarter Banco De Chile Ads reported $988 million in Revenue and $.87 earnings per share. This beat revenue expectation by $147 million and exceeded earnings estimates by $.16.

In the last 3 years, BCH stock traded as high as $24.84 and as low as $15.60.

The top ETF exchange traded funds that BCH belongs to (by Net Assets): DFAE, DFEM, APIE, DFAX, DFSE.

BCH stock has underperformed the market in the last year with a return of +19.5%, while SPY returned +22.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in BCH shares. However, BCH has outperformed the market in the last 3 month and 2 week periods, returning +10.2% and -3.0%, while SPY returned +6.5% and -3.5%, respectively. This indicates BCH has been having a stronger performance recently.

BCH support price is $21.51 and resistance is $22.17 (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 BCH stock will trade within this expected range on the day.