Credicorp: No Stopping Peru's Financial Champion Into 2024
BAPCredicorp .(BAP) Seeking Alpha·2024-03-13 16:03

simonmayer The worst looks to be over for Peruvian financial conglomerate Credicorp (NYSE:BAP) after some big external shocks in 2023 - recall the political unrest early in the year (from the coup against former President Castillo) and weather-related headwinds in the back half. After a torrid few months, Q4 numbers finally saw some resilience, with the updated guidance (both qualitative and quantitative) also pointing to a much better year ahead. Management's near-term targets aren’t all that demanding eit ...