Credicorp’s 95% Volume Surge Pushes Stock to 416th Rank Amid Legal Challenges and Dividend Clarity

On August 20, 2025, Credicorp (BAP) closed at a 0.56% decline amid a 95.49% surge in trading volume to $240 million, ranking 416th in market activity. The Peruvian financial giant clarified its dividend strategy following a S/1.577 billion tax payment to Sunat, emphasizing that regular dividends remain unaffected despite ongoing legal challenges over the disputed payment. The company reaffirmed confidence in its core operations, highlighting growth in retail banking and the digital platform Yape as key drivers for future expansion.

Analysts maintain a positive outlook, with the latest rating labeling BAP a "Buy" at $281.00. The stock’s strong fundamentals, including a robust dividend yield and solid market valuation, underpin its appeal. While technical indicators suggest overbought conditions warranting caution, Credicorp’s resilience in navigating regulatory pressures and digital transformation opportunities reinforce its long-term potential. Operational performance remains stable, though high efficiency ratios and external disputes could temper near-term momentum.

A backtest of a strategy purchasing top 500 high-volume stocks and holding for one day from 2022 to 2025 showed mixed results. The approach generated a 0.98% average daily return, accumulating 31.52% over 365 days. Strongest performance occurred in June 2023 (7.02%) while September 2022 recorded a -4.20% loss. The strategy exhibited volatility but maintained an upward trajectory overall, offering potential for short-term traders despite exposure to market fluctuations.