Credicorp (BAP) Shares Soar 2.59% on Strong Earnings

Credicorp (BAP) shares rose 0.29% today, marking the third consecutive day of gains, with a total increase of 2.59% over the past three days. The share price reached its highest level since February 2020, with an intraday gain of 1.35%.

The strategy of buying BAP shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 9.46% annualized return and a 37.08% total return as of the latest data point, May 13, 2025. However, the strategy underperformed the broader market, as evidenced by the 26.34% total return of BAP shares over the same period. The Sharpe ratio of 0.56 suggests that the risk-adjusted returns were acceptable, but the strategy's beta of 1.14 indicates slightly higher volatility compared to the market.

Credicorp reported a 17.6% increase in net profit for the first quarter of 2025, reflecting strong financial performance. This significant improvement in earnings can positively influence investor sentiment and drive the stock price higher.

Investors are eagerly awaiting Credicorp's upcoming earnings results, scheduled for release on May 15th. The anticipation of these results can create market buzz and impact stock price movements as investors assess the company's performance and future prospects.

Credicorp's stock has reached a new 12-month high, indicating robust market performance. This achievement can attract more investors, further boosting the stock price as market confidence in the company grows.

S&P Global Ratings affirmed Credicorp's credit rating at 'BBB-' with a stable outlook. This affirmation provides reassurance to investors about the company's financial stability, potentially leading to a positive impact on the stock price.

Jane Street Group LLC recently purchased 13,579 shares of Credicorp, signaling confidence in the company's prospects. Such significant investment activity can influence the stock price positively, as it reflects institutional trust in the stock's future performance.

Credicorp's stock has shown strong performance over the past 52 weeks, with shares up 26.34%. This favorable outlook suggests continued positive momentum, which may further drive the stock price upwards.