LA MOLINA, Bermuda (AP) 鈥� LA MOLINA, Bermuda (AP) 鈥� Credicorp Ltd. (BAP) on Thursday reported first-quarter net income of $609.1 million.
The La Molina, Bermuda-based bank said it had earnings of $7.65 per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $7.06 per share.
The Peruvian finance company posted revenue of $2.21 billion in the period. Its revenue net of interest expense was $1.84 billion, which also topped Street forecasts.
Credicorp shares have climbed 14% since the beginning of the year. The stock has risen 58% in the last 12 months.
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