Credicorp Gains After Strong Q3 Results and Reaffirmed 2026 Outlook

2026-11-10

Investivoq PriceTracker

Credicorp Ltd. (BAP) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to Credicorp’s third-quarter results, which showed solid loan growth, improving credit quality and a reaffirmed full-year return outlook. Even though earnings appear to have come in a bit light versus analyst expectations, investors seem to be focusing more on resilient operating trends, digital monetization and management’s confidence heading into year-end.

Details:

Credicorp reported third-quarter net income of about S/1.93 billion, up 11.0% from a year earlier, with return on equity at 19.9%.

Total loans rose 14.8% year over year, while the non-performing loan ratio improved to 3.9%, suggesting healthier asset quality as lending expanded.

Net interest income climbed 17.7% from a year earlier, and management said core income reached a new quarterly high as higher-yielding loans and low-cost deposits supported margins.

Management reaffirmed its fiscal 2026 ROE guidance of around 19.5% and highlighted a strategic update scheduled for November 17, which may have added to positive sentiment.

Sources:

Credicorp Investor Relations, SEC, MarketBeat

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BAP Insider Trading Activity

$BAP insiders have traded $BAP stock on the open market 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.

Here’s a breakdown of recent trading of $BAP stock by insiders over the last 6 months:

DIEGO ANTONIO CAVERO (CEO Head Universal Banking) sold 3,500 shares for an estimated $1,116,500
ALEJANDRO PEREZ-REYES (CFO) sold 1,073 shares for an estimated $362,137

To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

$BAP Hedge Fund Activity

We have seen 186 institutional investors add shares of $BAP stock to their portfolio, and 225 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

JPMORGAN CHASE & CO added 2,433,947 shares (+inf%) to their portfolio in Q2 2026, for an estimated $948,217,072
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 1,112,346 shares (-99.9%) from their portfolio in Q2 2026, for an estimated $433,347,754
DODGE & COX removed 795,860 shares (-23.3%) from their portfolio in Q2 2026, for an estimated $310,051,138
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ removed 660,853 shares (-23.7%) from their portfolio in Q2 2026, for an estimated $257,455,111
CAPITAL WORLD INVESTORS added 494,313 shares (+12.7%) to their portfolio in Q2 2026, for an estimated $192,574,458
BANK OF NOVA SCOTIA added 481,807 shares (+151.9%) to their portfolio in Q2 2026, for an estimated $187,702,371
BAILLIE GIFFORD & CO removed 288,305 shares (-11.1%) from their portfolio in Q3 2026, for an estimated $109,518,420

To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

$BAP Price Targets

Multiple analysts have issued price targets for $BAP recently. We have seen 4 analysts offer price targets for $BAP in the last 6 months, with a median target of $413.5.

Here are some recent targets:

Jorge Kuri from Morgan Stanley set a target price of $480.0 on 06/17/2026
Yuri Fernandes from JP Morgan set a target price of $415.0 on 06/15/2026
Thiago Batista from UBS set a target price of $412.0 on 05/26/2026
Carlos Gomez-Lopez from HSBC set a target price of $350.0 on 05/19/2026

This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.