Bancolombia: Favorable Economic Conditions May Provide Excess Returns [Seeking Alpha]
BanColombia S.A. (CIB)
Last bancolombia s.a. earnings: 2/21 04:00 pm
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US:NYSE Investor Relations:
grupobancolombia.com/wps/portal/about-us/corporate-information/investor-relations
Company Research
Source: Seeking Alpha
Summary Bancolombia ( CIB ) doesn't receive much analyst coverage from traditional US financial firms. The investment opportunity lies in the strengthening political stability of Colombia with the election of Iván Duque Márquez on August 7 th which should allow the business climate to improve. The bank is experiencing headwinds across loan portfolios, and if the company can overcome these challenges, the Colombian economic conditions are favorable for a market share leading bank to increase revenues and profitability significantly over the next few years. The share price is outperforming the Colombian Stock Exchange by 13% this year and the SPY by about 6%. The risk level on trading Bancolombia shares is elevated because of some uncertainty surrounding the integrity of their loan portfolios. Provision charges in the second quarter were COP $972 billion or roughly ~$330 million. These provision charges are an increase of 23.1% when compared to Q2 2017 and an 11.1% increase
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Analyst Actions
- 1/8/24 - HSBC Holdings plc
CIB
Sec Filings
- 3/18/24 - Form 6-K
- 3/18/24 - Form 6-K
- 3/18/24 - Form 6-K
- CIB's page on the SEC website