Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

BCI Gains in Santiago as IM Adds to List of Top Stocks

Dec. 13 (Bloomberg) -- Banco de Credito & Inversiones, Chile’s fourth-biggest bank, rose to seven-month high as brokerage firm IM Trust included the lender in a list of favorite stocks.

BCI advanced 3 percent to 32,800 pesos at 4:30 p.m. in Santiago after earlier rising as much as 3.4 percent to the highest intraday level since May 7. The country’s benchmark Ipsa index fell 0.3 percent.

IM Trust, Chile’s sixth-biggest brokerage by value of traded stocks, added BCI to its list of 10 favorite Chilean stocks for December, according to a note to clients today.

“Valuation for the bank remains attractive versus its peer group,” the report said.

The company’s stock price is 13.7 times expected profits for this year, compared with 14.8 for both Banco de Chile and Banco Santander Chile, the country’s two biggest lenders, according to data compiled by Bloomberg.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.