Banco De Chile ADR

BCH: XNYS (USA)
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Banco de Chile Earnings: Raising Valuation on Foreign Exchange Movements and Better Growth Prospects

While we would argue that Banco de Chile's results were better than they appear, the initial impressions were not positive. Net revenue fell 3.8% while net income decreased 10.9% to CLP 298 billion. These results translate to a return on equity of average equity of 18.5%.

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