Banco De Chile ADR
BCH: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| W>! | LOCK|J??n^ | LOCK|@>p?sXh |
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%.
