Key Points
Credicorp Ltd. (BAP) advanced sharply in today’s session, with shares rising from a previous close of $263.16 to $277.55. The intraday move was up 5.47%, adding $14.39 and signaling renewed bullish momentum. Trading activity was brisk, with volume of 376,185 shares exceeding the 90-day average volume of 323,055, a clear sign of elevated investor interest stepping in on strength.
The rally leaves BAP just 1% below its 52-week high of $280.88, underscoring a strong upward trajectory and constructive sentiment. Investors appear to be rewarding the company’s improving earnings profile and capital returns, as well as the stock’s favorable positioning relative to peers. The follow-through above recent ranges suggests buyers are increasingly willing to pay up for perceived quality and earnings visibility, while the proximity to the high can attract trend followers and momentum accounts.
Momentum is being reinforced by healthy fundamentals, including an EPS (TTM) of $22.22 and a 4.18% dividend yield, which together support a total return profile that investors find appealing. With price, volume, and sentiment aligned, the tape points to continued constructive behavior as long as buyers maintain control and the stock holds near its recent highs. The day’s action reads as accumulation rather than speculation, signaling confidence in the company’s outlook.
Why Credicorp Ltd. Price is Moving Higher
Credicorp Ltd. (BAP) closed at $277.55 after a strong 5.47% advance, bringing the stock within 1% of its 52-week high of $280.88. Volume reached 376,185 shares versus a 90-day average of 323,055, reflecting robust demand. With a market cap of $20.89B and EPS (TTM) of $22.22, investors are leaning into a story supported by earnings strength and improving visibility.
The primary catalyst today was a wave of analyst upgrades and higher price targets that validated the earnings trajectory. UBS Group raised its target from $257 to $318 and reiterated a “buy” rating, citing improved earnings outlook and solid fundamentals. JPMorgan Chase & Co. lifted its target from $242 to $310 with an “overweight” rating, while Citigroup increased its target to $275 alongside a “buy” rating. These actions collectively signal rising confidence in forward earnings power and return on equity, providing a clear justification for the price jump.
Institutional flows reinforced the move. Norges Bank purchased 496,356 shares, and the New York State Common Retirement Fund increased its stake by 7.9% in the second quarter, showing deep-pocketed support. Recent results also help explain the momentum: last quarter’s EPS of $6.17 beat the $6.05 consensus and rose 21.5% year over year from $5.08, while revenue reached $1.65 billion, up 8.05%. With a dividend yield of 4.18% and valuation metrics such as a low-teens P/E and a PEG ratio cited at 0.65 in recent commentary, the shares appear attractively priced relative to growth, fueling further investor enthusiasm.
What is the Credicorp Ltd. Rating - Should I Buy?
Weiss Ratings assigns BAP a B rating. Current recommendation is Buy.
The rating is built on five indices: the Good Growth Index (measures revenue and earnings expansion) reflects healthy business momentum, consistent with 22.74% revenue growth. The Excellent Efficiency Index (measures operational effectiveness and profit margins) highlights strong profitability, supported by a 32.00% profit margin and an 18.20% ROE. The Excellent Solvency Index (measures financial health and debt management) indicates a resilient balance sheet and prudent capital structure suitable for a banks franchise.
The Good Total Return Index (measures stock price appreciation plus dividends) is reinforced by a 4.18% dividend yield and steady capital appreciation. The Good Volatility Index (measures price stability and risk) suggests controlled drawdowns and balanced risk-taking, consistent with a stock that has delivered favorable risk-adjusted outcomes over multiple timeframes.
Relative to peers, BRKB carries a B rating, BRKA holds a C, and JPM also carries a B. Credicorp’s mix of profitability, solvency strength, and shareholder returns places it competitively among B-rated Financials, with a valuation near an 11.84 P/E that remains reasonable versus its earnings outlook and ROE profile.
Overall, the combination of Good growth and total return, Excellent efficiency and solvency, and Good volatility supports a B rating. While no investment is without risk, the index mix indicates a balanced risk/reward profile, aligning with a constructive outlook for investors seeking quality exposure in Banks within the Financials sector.
About Credicorp Ltd.
Credicorp Ltd. is a leading financial holding company in the Financials sector, operating primarily in the Banks industry across Peru and neighboring markets. Through its flagship subsidiary Banco de Crédito del Perú (BCP), the company provides full-service retail and commercial banking, including checking and savings accounts, consumer and mortgage lending, credit cards, corporate loans, cash management, and trade finance. Its franchise serves individuals, small and medium-sized enterprises, and large corporates, supported by extensive physical distribution and digital channels.
The company also operates a sizable microfinance platform through Mibanco, offering working capital and small-business loans tailored to entrepreneurs and the informal economy. This specialization in microcredit supports financial inclusion and provides diversification beyond traditional corporate and retail banking. Complementing lending activities, Credicorp’s investment banking and wealth management arm, Credicorp Capital, delivers brokerage, asset management, research, capital markets, and advisory services to institutional and high-net-worth clients across the Andean region.
In insurance and pensions, Credicorp participates through Pacífico Seguros, which offers life, health, and property and casualty insurance solutions, and through pension fund administration with offerings that include retirement savings products. The integration of banking, insurance, pensions, and capital markets forms a diversified financial services ecosystem with cross-selling opportunities and stable, recurring revenue streams.
Credicorp’s competitive advantages include market leadership in Peru, a broad product suite, strong risk management, and deep local expertise. Its multi-brand, multi-segment model enables scale efficiencies, resilient deposit franchises, and a balanced mix of interest and fee income across economic cycles.
Investor Outlook
With a B (Buy) Weiss Rating, favorable earnings momentum, and strong institutional support, Credicorp Ltd. (BAP) enters a constructive setup for potential continued gains.
If management maintains profitability and asset quality while supporting dividends, the risk/reward remains attractive. See full rankings of all B-rated Financials stocks inside the Weiss Stock Screener.