Banco De Chile ADR
BCH: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| <mz | LOCK|%$!r | LOCK|w&&pX> |
Increasing Our Fair Value Estimate for Banco de Chile
Business Strategy and Outlook
Banco de Chile's reputation and long history in Chile have enabled it to attract a large pool of non-interest-bearing deposits, resulting in a lower cost of funds compared with most of its rivals. This funding advantage has contributed to the bank's impressive profitability, historically delivering returns on equity in the mid-to-high teens.
