Outlining Earnings of Banking & Financial Companies: Complementary Research on Banco De Chile, Bladex, Santander Brasil, Santander Chile, and BanColombia

NEW YORK, February 19, 2015 /PRNewswire/ --

Editor Note: For more information about this release, please scroll to bottom.  

Moments ago, Analysts Review released new research updates concerning several important developing situations including Banco De Chile (NYSE: BCH), Bladex (NYSE: BLX), Santander Brasil (NYSE: BSBR), Santander Chile (NASDAQ: BSAC), and BanColombia (NYSE: CIB). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.

To access our full PDF reports on a complementary basis, please visit the links below.

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Today's update concerns the following companies:

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Full PDF Download Links (you may have to copy and paste the following links into your browser):

BCH Research Report: ( http://get.analystsreview.com/pdf/?c=Banco%20De%20Chile&d=19-Feb-2015&s=BCH ),

BLX Research Report: ( http://get.analystsreview.com/pdf/?c=Bladex&d=19-Feb-2015&s=BLX ),

BSBR Research Report: ( http://get.analystsreview.com/pdf/?c=Santander%20Brasil&d=19-Feb-2015&s=BSBR ),

BSAC Research Report: ( http://get.analystsreview.com/pdf/?c=Santander%20Chile&d=19-Feb-2015&s=BSAC ),

CIB Research Report: ( http://get.analystsreview.com/pdf/?c=BanColombia&d=19-Feb-2015&s=CIB ).

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Analyst Update: Earnings Outcomes and  Shareholders Meeting

Reviewed by: Rohit Tuli, CFA®  

The US stock markets mostly closed lower on Wednesday despite progress in Greece negotiations and dovish Fed minutes. Dow Jones Industrial Average closed down 17.85 points, or 0.10%, at 18,029.85; S&P 500 closed down 0.68 points, or 0.03%, at 2,099.66; Nasdaq closed up 7.10 points, or 0.14%, at 4,906.36. European stocks ended mostly higher and rose to seven-year high amid Greek deal prospects, as Greece is expected to submit a loan request on Thursday to extend a loan agreement for up to six months. The FTSEuroFirst 300 index rose 0.7% to a fresh seven-year high of 1,515.90. On the other hand, most Asian stocks advanced on Wednesday due to investor optimism ahead of a European Central Bank meeting on bailout conditions for Greece, though many markets of the region were shut for the Lunar New Year.

Banco de Chile reported fourth quarter earnings results with total operating revenues of (Chilean Peso) CLP440.5 billion, compared with CLP393.1 billion in Q4 2013. The Company's net operating income for the quarter was CLP128.1 billion, compared with CLP132.9 billion in Q4 2013.

Banco Latinoamericano de Comercio Exterior, S.A. (Bladex) reported strong financial results with fourth quarter 2014 net income totaled $36.1 million, a growth of 51.1% YoY. Loan loss provision was expanded to $134.2 million during the quarter from $124.7 million in Q4 2013.

Banco Santander Brasil SA (Santander Brasil), the Brazilian arm of Banco Santander, reported Q4 2014 earnings results with managerial net profit up 3.9% YoY to BRL1.5 billion. Assets under management also increased to BRL164.1 billion, a growth of 1.6% YoY.

Banco Santander Chile (Santander Chile) released its Q4 2014 earnings results with net income attributable to shareholders of CLP138.7 billion, an increase of 24.4% YoY. Santander Chile's ROAE reached 21.7% in Q4 2014, compared to 19.7% in Q4 2013. The Bank said that positive results are consequent to solid business activity with positive loan growth, an improved funding mix, stable asset quality and upward trending fee income.

BanColombia S.A.'s (BanColombia) Board of Directors has decided to call the holders of shares of common stock to the General Shareholders' Meeting, which will be held on March 20,

2015, at 10:00 a.m., at the Intercontinental Hotel located at Calle 16 N° 28 - 51 Km 5 Via Las

Palmas, Medellín, Colombia.

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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.

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