Equity Profile

BAP

Credicorp Ltd.

FinancialsDiversified Banks$29.8B

Nov5Wed

Pre-Earnings Brief

UpcomingQ2-2018After Close5:00 PM EST

Company Snapshot

Credicorp Ltd. is a leading financial services company in the diversified banking sector, primarily operating in Peru....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of a company's profitability and will indicate how well Credicorp is managing its expenses and generating profit.

N/A

Revenue Growth

Revenue growth is essential to assess the company's ability to expand its business and capture market share in a competitive environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BAP Q2-2018 Earnings Preview

Context

Company Snapshot

Credicorp Ltd. is a leading financial services company in the diversified banking sector, primarily operating in Peru. With a market cap of $30 billion, it plays a crucial role in providing banking, insurance, and investment services, making it a key player in the region's economic landscape.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+4.83%

Avg Stock Reaction

-0.05%

Last Quarter Recap

In Q1-2018, Credicorp reported an EPS of $13.01, but the revenue figures and estimates were not disclosed. The stock experienced a decline of 2.92% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Credicorp's upcoming earnings report, especially given its strong historical EPS performance. However, the lack of analyst estimates adds uncertainty to expectations.

Bull Case

If Credicorp continues its trend of beating EPS estimates, it could signal robust operational performance and investor confidence, potentially leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or if there are signs of slowing growth in key areas like loan demand, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS figure for Q2-2018?

The EPS will be a key indicator of the company's profitability and operational efficiency, influencing investor sentiment.

How is loan growth trending in the current economic environment?

Understanding loan growth is critical as it reflects the demand for credit and the company's ability to lend, impacting future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for loan growth based on recent economic trends, which could lead to a stronger-than-expected EPS figure.

Supporting Evidence

Historical EPS performance shows a consistent ability to beat expectations.

The options market is pricing in a significant move, suggesting traders anticipate volatility that could favor a positive outcome.

Key Risk

If loan growth exceeds expectations, it could significantly boost revenue and EPS, contradicting cautious market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on Credicorp's ability to maintain profitability and growth in a competitive banking environment.

Bull Confirmed If

An EPS of $15 or higher would confirm strong profitability and operational efficiency.

Bear Confirmed If

An EPS below $10 would raise concerns about the company's ability to manage costs and generate profit.

Pre-Earnings Positioning

Options Market

Implied Move

±8.05%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in an 8.05% move, indicating that traders expect significant volatility following the earnings report.

Options are pricing ±8.1% while BAP has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

39.9%

Calls (100)P/C Ratio: 0.20Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

This setup has occurred 30 times across Financials in the last 2 years. 12 of 25 faded and 13 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 2.4%, with a raw directional average of -0.0% (roughly flat historical bias).

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

80.97%

of float

Insider

14.62%

of float

Holders

680

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
4,048,826 sh · $1.3B
4.29%
2.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Credicorp beats expectations, history suggests the stock could rise, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to mixed reactions.

Miss

A miss could lead to a decline in stock price, as history suggests a negative reaction when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth trends and demand for credit.
2Details on cost management strategies and their impact on profitability.
3Insights into competitive pressures in the banking sector.
4Management's outlook on economic conditions affecting operations.
5Any commentary on new initiatives or products that could drive future growth.

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Company Snapshot

Credicorp Ltd. is a leading financial services company in the diversified banking sector, primarily operating in Peru....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of a company's profitability and will indicate how well Credicorp is managing its expenses and generating profit.

N/A

Revenue Growth

Revenue growth is essential to assess the company's ability to expand its business and capture market share in a competitive environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

BAP Q2-2018 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

38%

Avg EPS Surprise

+4.83%

Avg Stock Reaction

-0.05%

Last Quarter Recap

In Q1-2018, Credicorp reported an EPS of $13.01, but the revenue figures and estimates were not disclosed. The stock experienced a decline of 2.92% the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If Credicorp continues its trend of beating EPS estimates, it could signal robust operational performance and investor confidence, potentially leading to a positive stock reaction.

Bear Case

Conversely, if the company fails to meet expectations or if there are signs of slowing growth in key areas like loan demand, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the EPS figure for Q2-2018?

The EPS will be a key indicator of the company's profitability and operational efficiency, influencing investor sentiment.

How is loan growth trending in the current economic environment?

Understanding loan growth is critical as it reflects the demand for credit and the company's ability to lend, impacting future revenue.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for loan growth based on recent economic trends, which could lead to a stronger-than-expected EPS figure.

Supporting Evidence

Historical EPS performance shows a consistent ability to beat expectations.

The options market is pricing in a significant move, suggesting traders anticipate volatility that could favor a positive outcome.

Key Risk

If loan growth exceeds expectations, it could significantly boost revenue and EPS, contradicting cautious market sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is focused on Credicorp's ability to maintain profitability and growth in a competitive banking environment.

Bull Confirmed If

An EPS of $15 or higher would confirm strong profitability and operational efficiency.

Bear Confirmed If

An EPS below $10 would raise concerns about the company's ability to manage costs and generate profit.

Pre-Earnings Positioning

Options Market

Implied Move

±8.05%

Historical Avg

±1.1%

Pricing rich

The options market is pricing in an 8.05% move, indicating that traders expect significant volatility following the earnings report.

Options are pricing ±8.1% while BAP has averaged ±1.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.5%

30d HV

39.9%

Calls (100)P/C Ratio: 0.20Puts (0)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Financials

n=30

Fade rate: 12 of 25 (48%)

Edge

Institutional Ownership

Smart-money positioning from the most recent 13F filings.

Top holders trimming

Institutional

80.97%

of float

Insider

14.62%

of float

Holders

680

institutions

Top Holders· as of Dec 2025

Blackrock Inc.
4,048,826 sh · $1.3B
4.29%
2.5%

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Credicorp beats expectations, history suggests the stock could rise, confirming strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may remain stable, but cautious commentary could lead to mixed reactions.

Miss

A miss could lead to a decline in stock price, as history suggests a negative reaction when expectations are not met.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on loan growth trends and demand for credit.
2Details on cost management strategies and their impact on profitability.
3Insights into competitive pressures in the banking sector.
4Management's outlook on economic conditions affecting operations.
5Any commentary on new initiatives or products that could drive future growth.