Revenue Update on Bancolombia SA (ADR)(NYSE:CIB)

Bancolombia SA (ADR)(NYSE:CIB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 18, 2016. Company reported revenue of $833.30M. Analysts estimated a revenue of $1.04B. Earnings per share were $1.03. Analysts had estimated an EPS of $0.95.

Bancolombia SA (ADR) (CIB) shares turned negative on Mondays trading session with the shares closing down -0.33 points or -0.84% at a volume of 2,73,457. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $39.51. The peak price level was also seen at $39.51 while the days lowest was $38.95. Finally the shares closed at $39.1. The 52-week high of the shares is $40.16 while the 52-week low is $23.69. According to the latest information available, the market cap of the company is $9,402 M.

Bancolombia S.A. is a commercial bank. The Bank provides financial products and services to a diversified individual corporate and government customer base throughout Colombia Latin America and the Caribbean region. The Bank and its subsidiaries offer savings and investment financing mortgage banking factoring financial and operating leases capital markets eTrading cash management foreign currency insurance investment banking and trust and fiduciary services. The Bank manages its business through ten main operating segments: Banking Colombia Banking Panama Banking El Salvador Leasing Trust Investment Banking Brokerage Insurance Off Shore and All other. It performs inter-bank lending repurchase agreements (repos) foreign exchange transactions as well as sovereign and corporate securities sales and trading. It operates through Panama’s Grupo Agromercantil Holding SA.

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