Revenue Update on Banco Latinoamericano de Comerci Extr SA(NYSE:BLX)

Banco Latinoamericano de Comerci Extr SA(NYSE:BLX) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $44.37M. Analysts estimated a revenue of $40.40M. Earnings per share were $0.57. Analysts had estimated an EPS of $0.63.

Banco Latinoamericano de Comerci Extr SA (BLX) shares turned negative on Fridays trading session with the shares closing down -0.24 points or -0.87% at a volume of 1,48,552. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $27.73. The peak price level was also seen at $27.73 while the days lowest was $27.29. Finally the shares closed at $27.32. The 52-week high of the shares is $29.25 while the 52-week low is $19.63. According to the latest information available, the market cap of the company is $1,067 M.

Banco Latinoamericano de Comercio Exterior S.A. (Bladex Head Office) is a specialized supranational bank. The Company operates in two segments: Commercial and Treasury. The Commercial segment portfolio includes book value of loans selected deposits placed acceptances and contingencies. The Treasury segment incorporates deposits in banks and all of the Bank’s trading assets securities available-for-sale and held-to-maturity and the balance of the investment funds. Bladex Head Office’s subsidiaries include Bladex Holdings Inc. Bladex Representacao Ltda. Bladex Investimentos Ltda. Bladex Development Corp. and BLX Soluciones S.A. de C.V. Its lending portfolio is summarized in the segments which include corporations sovereign middle-market companies and banking and financial institutions. The composition of the loan portfolio by industry include banking and financial institutions; industrial; oil and petroleum derived products; agricultural; services; mining and sovereign.

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