BCH has suffered because of the depreciation of the Chilean Peso. For 2025, I'm expecting some stability in the exchange rate, mostly because of a rosy outlook on copper exports. Further, the interest rate differential will no longer hurt the Peso. The earnings outlook remains bright in local currency terms because of a stable margin and satisfactory GDP growth.
Banco de Chile (NYSE:BCH ) Q2 2024 Earnings Conference Call August 2, 2024 4:30 AM ET Company Participants Rodrigo Aravena - Chief Economist & Institutional Relations Officer Pablo Mejia - Head of Investor Relations Daniel Galarce - Head of Financial Control & Capital Conference Call Participants Ernesto Gabilondo - Bank of America Daer Labarta - Goldman Sachs Yuri Fernandes - JPMorgan Andres S...
High-flying growth stocks have helped lift major indices this quarter. The S&P 500 is on track for a 4% gain, and the tech-heavy Nasdaq is set to rise by around 7%.
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