- Banco de Chile‘s net income for Q2 2024 was CLP323.60 billion, which is a 2.6% decrease year-over-year (y/y).
- This net income figure matched the estimated CLP323.58 billion.
- Total loans amounted to CLP37.91 trillion, slightly below the estimate of CLP38.27 trillion.
- The return on average equity was reported at 24.6%.
- Provisions for loan losses stood at CLP107.43 billion.
- Net interest income surged by 23% y/y to reach CLP451.66 billion, but fell short of the estimated CLP537.61 billion.
- Operating revenue increased by 3% y/y to CLP770.94 billion, exceeding the estimate of CLP755.45 billion.
- Analyst recommendations included 3 buys, 6 holds, and 1 sell.
A look at Banco de Chile Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts using the Smartkarma Smart Scores system have evaluated Banco de Chile and assigned scores to different factors influencing its long-term outlook. The scores reflect the company’s performance in areas such as value, dividend yield, growth potential, resilience, and momentum. Banco de Chile received moderate scores for value and resilience. However, it scored well in dividend yield, growth potential, and momentum, indicating strength in these aspects.
Banco de Chile, known for attracting deposits and offering a variety of retail and commercial banking services, scores highly in dividend yield, growth potential, and momentum based on the Smartkarma Smart Scores assessment. While the scores for value and resilience are more moderate, the Bank stands out for its offerings in credit, mortgage loans, credit cards, securities brokerage, mutual funds, factoring, insurance, and investment products, reflecting a positive long-term outlook for the company.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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