Large Growth Potential in Latin Banks

GGAL, BFR, BMA, BBD, BAP, SAN

Dec 14, 2010 4:57:03 AM PST | No Comment(s) - Post a Comment Rating
Since the death of Nestor Kirchner in October, banks in Argentina have posted large gains.  The rest of the region is following suit.

Grupo Financiero Galicia S.A. (GGAL) is currently trading at a price of $15.01, decreasing slightly by 2.97%.  The company opened this morning at a price of $15.62, trading at a volume of 1,142M and a market cap of 1.863B.  EPS is positive at 0.544, along with a Beta of 1.45. The company has been trading in the $14.70 - $15.65 range since opening today.  Grupo Financiero Galicia provides financial products and services to large corporations, small and medium-sized companies, and individuals. Click here to read more about the performance of Grupo Financiero.

BBVA Banco Frances SA (BFR) decreased 2.12% to a price of $11.56 since opening today at a price of $11.99.  BBVA Banco Frances faced a small deviation in its range, which consisted of the prices $ 11.47 - $11.99.  Volume for the company remained relatively low at 180M, its average volume being 304M.  P/E for the company stands at 7.20.  BBVA Banco Frances provides financial services to large corporations, medium and small companies, and individuals in the Republic of Argentina.  Click here to read about the growth in Latin bank stocks.

Banco Macro SA (BMA) shares were down by .22%, arriving at a price of $54.22.  Banco Macro opened this morning at a price of $55.23, trading in a range of $ 54.00 - $55.23 for the day so far.  Volume stands at 94M with a market cap of 3.223B and an EPS of 4.14.  Banco Macro SA provides banking services to individuals, entrepreneurs, and corporate customers in Argentina.  Click here to for a full outlook for Latin bank stocks.

Banco Bradesco S.A. (BBD) is currently trading at a price of $19.83, increasing slightly by 2.37%.  The company opened this morning at a price of $19.38, trading at a volume of 14,310M and a market cap of 74.609B.  EPS is positive at $1.446, along with a Beta of 1.65.  The company has been trading in the $19.32 - $19.85 range since opening today.  Banco Bradesco S.A. provides a range of banking and financial products and services to individuals; large, small, and mid-sized companies; and local and international corporations and institutions.  Click here to learn about growth potential in Brazilian bank stocks.

Credicorp Ltd. (BAP) decreased 1.02% to a price of $124.74 since opening today at a price of $126.33.  Credicorp Ltd. faced a small deviation in its range, which consisted of the prices $124.28 - $126.33.  Volume for the company remained relatively at 257M, with an average volume of 292M.  P/E for the company stands at 17.79.  Credicorp Ltd provides commercial banking, insurance, and investment banking services in Peru and internationally.  Click here to see what’s happening with band stocks in Peru.

Banco Santander Chile (SAN) shares increased by .041%, arriving at a price of $92.56.  Banco Santander Chile opened this morning at a price of $92.50, trading in a range of $91.11 - $93.66 for the day so far.  Volume stands at 386M with a market cap of 16.788B and an EPS of 6.234.  Banco Santander Chile provides commercial and retail banking services to business and individual customers.  Click here to read about strong performance in Chilean bank stocks.
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