BAP (USA) - Strong Trender About To Run Again After Earnings ?

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Credicorp Ltd has quietly delivered a solid run over the past year, up roughly 73% and looking to continue printing higher highs. The company is a diversified Latin American banking group with exposure to retail and commercial banking, insurance, pensions, microfinance and investment management, primarily in Peru.

Fundamentally, the numbers remain solid. Revenue is running at over $20.9B TTM with quarterly revenue growth of about 10.5% year on year and quarterly earnings growth north of 40%. Profit margins sit around 33% and return on equity is close to 19%, which is healthy for a regional bank. The most recent quarter ended 2025-12-31, so they are just past earnings, and the stock pushing higher after that period is a constructive sign. Forward EPS estimates continue to edge up, with analysts expecting earnings to grow again in 2026 and 2027. Valuation also looks reasonable with a trailing PE around 14 and forward PE closer to 12.

Technically, the longer term uptrend remains intact. Price is currently sitting a bit below the 20 day moving average after a recent pullback from highs. The 50 and 100 day moving averages are both sloping upward and well below price, reinforcing the broader trend structure. Volume expanded during the rally into the highs and has eased on the pullback, which is what you typically want to see. RSI has cooled off from overbought and reset toward the mid-range, while MACD has rolled over short term but remains within a broader bullish configuration.

I like that there was a bit of a gap that's filled, and if price can continue to head up from here this could be one to watch.

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Move in the right direction. I'd like to see it close above the 20 day MA.

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Continuing to recover. Still just short of that 20 day.

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