LA MOLINA, Bermuda (AP) — LA MOLINA, Bermuda (AP) — Credicorp Ltd. (BAP) on Thursday reported third-quarter earnings of $405.4 million.
The La Molina, Bermuda-based bank said it had earnings of $5.08 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $4.67 per share.
The Peruvian finance company posted revenue of $1.76 billion in the period. Its revenue net of interest expense was $1.39 billion, also exceeding Street forecasts.
Credicorp shares have climbed 22% since the beginning of the year. The stock has risen 51% in the last 12 months.
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