LA MOLINA, Bermuda (AP) — LA MOLINA, Bermuda (AP) — Credicorp Ltd. (BAP) on Thursday reported second-quarter net income of $498.4 million.
The bank, based in La Molina, Bermuda, said it had earnings of $6.24 per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.73 per share.
The Peruvian finance company posted revenue of $1.94 billion in the period. Its revenue net of interest expense was $1.58 billion, which also beat Street forecasts.
Credicorp shares have climbed 37% since the beginning of the year. The stock has risen 51% in the last 12 months.
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