Equity Profile

BAP

Credicorp Ltd.

FinancialsDiversified Banks$29.8B

Nov5Wed

Pre-Earnings Brief

UpcomingQ2-2018After Close5:00 PM EST

Company Snapshot

Credicorp Ltd. is a diversified financial services company based in Peru, operating in banking, insurance, and investment services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge its financial health this quarter.

N/A

Net Interest Margin

This metric reflects the difference between interest income generated and interest paid, which is vital for banks to assess their profitability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BAP Q2-2018 Earnings Preview

Context

Company Snapshot

Credicorp Ltd. is a diversified financial services company based in Peru, operating in banking, insurance, and investment services. With a market cap of $30 billion, it plays a crucial role in the financial sector, particularly in Latin America, where it caters to a growing middle class and expanding consumer spending.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+4.83%

Avg Stock Reaction

-0.05%

Last Quarter Recap

In Q1-2018, Credicorp reported an EPS of $13.01, but the revenue figures were not disclosed, leading to a stock decline of 2.92% the following day. The company has consistently beaten EPS estimates in the past, indicating strong operational performance.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic ahead of the earnings report, given Credicorp's history of beating EPS estimates. However, the lack of specific analyst estimates adds uncertainty to market expectations.

Bull Case

If Credicorp continues its trend of strong earnings, particularly with solid loan growth and improved net interest margins, it could see significant stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or if economic conditions worsen, it could face downward pressure on its stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for this quarter?

Given the company's history of beating EPS estimates, this figure will be crucial for investor sentiment and stock performance.

How has loan growth trended in the last quarter?

Loan growth is a key indicator of demand for credit and overall economic conditions, which will impact future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of loan growth on overall profitability, especially in a recovering economic environment.

Supporting Evidence

Credicorp has consistently beaten EPS estimates, indicating strong operational resilience.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

The company's diversified financial services model may buffer against sector-specific downturns.

Key Risk

If loan growth exceeds expectations, it could significantly alter the earnings outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for continued strong performance against the risks of economic slowdown.

Bull Confirmed If

A strong EPS exceeding $13.01 and robust loan growth would confirm a bullish outlook.

Bear Confirmed If

Any significant decline in loan growth or disappointing EPS would signal a bearish trend.

Pre-Earnings Positioning

Options Market

Implied Move

±8.05%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move of over 8%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±8.1% while BAP has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

39.9%

Calls (100)P/C Ratio: 0.20Puts (0)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

80.97%

of float

Insider

14.62%

of float

Holders

680

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
4,048,826 sh · $1.3B
4.29%
2.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Credicorp beats expectations, history suggests a potential stock increase of around 1.14%, confirming the company's strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical data suggesting a potential drop of around 2.92%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any specific guidance on loan growth rates for the upcoming quarters.
2Updates on net interest margin trends and how they impact profitability.
3Management's commentary on economic conditions in Peru and their effects on business.
4Insights into any changes in regulatory environment affecting the financial sector.
5Details on new product offerings or strategic initiatives that could drive future growth.

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Company Snapshot

Credicorp Ltd. is a diversified financial services company based in Peru, operating in banking, insurance, and investment services....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and will help gauge its financial health this quarter.

N/A

Net Interest Margin

This metric reflects the difference between interest income generated and interest paid, which is vital for banks to assess their profitability.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BAP Q2-2018 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+4.83%

Avg Stock Reaction

-0.05%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Credicorp continues its trend of strong earnings, particularly with solid loan growth and improved net interest margins, it could see significant stock appreciation.

Bear Case

Conversely, if the company fails to meet expectations or if economic conditions worsen, it could face downward pressure on its stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected EPS for this quarter?

Given the company's history of beating EPS estimates, this figure will be crucial for investor sentiment and stock performance.

How has loan growth trended in the last quarter?

Loan growth is a key indicator of demand for credit and overall economic conditions, which will impact future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate the impact of loan growth on overall profitability, especially in a recovering economic environment.

Supporting Evidence

Credicorp has consistently beaten EPS estimates, indicating strong operational resilience.

The options market is pricing in a larger move than historical averages, suggesting heightened expectations.

The company's diversified financial services model may buffer against sector-specific downturns.

Key Risk

If loan growth exceeds expectations, it could significantly alter the earnings outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is weighing the potential for continued strong performance against the risks of economic slowdown.

Bull Confirmed If

A strong EPS exceeding $13.01 and robust loan growth would confirm a bullish outlook.

Bear Confirmed If

Any significant decline in loan growth or disappointing EPS would signal a bearish trend.

Pre-Earnings Positioning

Options Market

Implied Move

±8.05%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in a significant move of over 8%, indicating that traders expect volatility around the earnings announcement.

Options are pricing ±8.1% while BAP has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

39.9%

Calls (100)P/C Ratio: 0.20Puts (0)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

80.97%

of float

Insider

14.62%

of float

Holders

680

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
4,048,826 sh · $1.3B
4.29%
2.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Credicorp beats expectations, history suggests a potential stock increase of around 1.14%, confirming the company's strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may experience muted movement as investors await further guidance.

Miss

A miss could lead to a decline, with historical data suggesting a potential drop of around 2.92%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any specific guidance on loan growth rates for the upcoming quarters.
2Updates on net interest margin trends and how they impact profitability.
3Management's commentary on economic conditions in Peru and their effects on business.
4Insights into any changes in regulatory environment affecting the financial sector.
5Details on new product offerings or strategic initiatives that could drive future growth.