Banco Latinoamericano de Comerci (NYSE: BLX) has reported earnings for its third fiscal quarter (ending September 30) of $1.44 versus $1.25 for the same period a year ago — an increase of 15%. For the latest four quarters through September 30, E.P.S. were $5.47 versus $4.13 for the same period a year ago — an increase of 32%.
Recent Price Action
Banco Latinoamericano de Comerci (NYSE: BLX) stock declined slightly by -0.9% on 10/29/24. The stock closed at $32.81. NORMAL trading volume accompanied the decline. Relative to the market the stock has been strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BLX is expected to continue to be a Value Builder.
Banco Latinoamericano de Comerci has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Banco Latinoamericano de Comerci has a good Power Rating of 80 and a very high Appreciation Score of 93, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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