One Year into Trump's Presidency, Peru and South Korea Markets Outperform S&P 500 by 90 Percentage Points
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 20 2026
0mins
Source: Benzinga
- Peru's Market Surge: The iShares MSCI Peru ETF (EPU) soared by 106% over the past year, driven by rising global commodity prices, highlighting the sensitivity of Peru's economy to resource demand, particularly in basic materials and precious metals.
- Metal Price Boost: Gold prices increased by over 75%, silver by about 210%, and copper by roughly 33% in the past year, directly fueling the growth of Peru's stock market, where materials companies saw significant stock price increases.
- South Korea's Semiconductor Rise: The iShares MSCI South Korea ETF (EWY) climbed nearly 100% in the past year, primarily due to strong demand for AI-related semiconductors, particularly high-bandwidth and advanced memory, which significantly boosted the stock prices of Samsung Electronics and SK Hynix.
- Market Performance Comparison: Despite Trump's promise of a
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Analyst Views on BAP
Wall Street analysts forecast BAP stock price to fall
3 Analyst Rating
1 Buy
2 Hold
0 Sell
Moderate Buy
Current: 368.380
Low
264.00
Averages
323.00
High
412.00
Current: 368.380
Low
264.00
Averages
323.00
High
412.00
About BAP
Credicorp Ltd is a Peru-based financial services holding company. The Company is organized into four lines of business: Universal Banking, Insurance and Pensions that mainly serve the overall Peruvian market, Microfinance and Investment Banking and Wealth Management that have a strong presence in Latin America. The Company has leveraged its franchises and has consolidated into a Group with more than 36,000 employees and operations mainly in six countries: Peru, Bolivia, Colombia, Chile, Panama and the United States.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Credicorp Strong Rebound: Credicorp's stock increased by about 8.7% on a volume exceeding 641,000 shares, suggesting positive market expectations regarding its financial health, which could attract more investor attention to its potential earnings.
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- Earnings Per Share: The earnings per share reached $7.65, significantly above the analysts' estimate of $7.06, indicating a robust performance that may attract more investor interest and enhance market confidence.
- Revenue Growth: The company posted total revenue of $2.21 billion in the quarter, with net revenue after interest expenses at $1.84 billion, both surpassing market forecasts, demonstrating the effectiveness of its business model and strong market demand.
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See More
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- Leadership Succession: The recent announcement of executive leadership succession may impact the company's strategic direction, as the new leadership team faces challenges in maintaining performance in a competitive market.
- Market Expectations: Analysts hold an optimistic view of Credicorp's financial performance, anticipating that its strong profitability and revenue growth will attract more investor interest, potentially driving the stock price higher.
- Industry Context: In the current economic environment, the financial services industry faces multiple challenges, and Credicorp's earnings release will provide crucial market signals for investors to assess its future growth prospects.
See More
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- Earnings Announcement Date: Credicorp is set to release its Q1 earnings on May 14 after market close, with investors keenly awaiting the results, which are expected to have a short-term impact on stock price.
- Earnings Expectations: The consensus EPS estimate stands at $7.26, reflecting market confidence in its profitability, although current valuations are seen as limiting upside potential.
- Revenue Estimate Changes: The revenue estimate of $1.75 billion has not seen any upward revisions in the last three months, with one downward adjustment, indicating market caution regarding revenue growth.
- Valuation Analysis: While Credicorp is regarded as a strong bank, analysts highlight that its current valuation limits further upside potential, prompting investors to closely monitor the upcoming earnings report for future direction.
See More
Credicorp Announces Executive Leadership Changes to Support Growth
- Executive Appointments: Credicorp has appointed Alejandro Pérez-Reyes Zarak as Head of Microfinance and CEO of Mibanco, effective October 1, 2026, aimed at ensuring a smooth leadership transition and supporting Mibanco's new growth phase.
- Financial Leadership Change: Ignacio Belaunde will become Chief Financial Officer of Credicorp and BCP, effective October 1, 2026, having played a crucial role in enhancing BCP's strategic planning and financial management capabilities, which is expected to further drive the company's financial strategy.
- Audit Officer Transition: Rosa Cigüeñas Espinel will succeed Jose Esposito as Chief Corporate Audit Officer of Credicorp on May 1, 2027, as he retires, with this appointment aimed at strengthening the company's governance and risk management capabilities.
- Leadership Stability: Credicorp's CEO Gianfranco Ferrari emphasized that these appointments reflect the company's commitment to building leadership depth and ensuring continuity across its businesses, further promoting financial inclusion and long-term value creation.
See More
ETF Component Stocks Trading Dynamics Analysis
- Buenaventura Mining Performance: Buenaventura Mining saw a rise of approximately 1.3% on Tuesday, with over 722,000 shares traded, indicating sustained investor interest that may reflect confidence in its future growth prospects.
- Credicorp Strong Rebound: Credicorp's stock increased by about 8.7% on a volume exceeding 641,000 shares, suggesting positive market expectations regarding its financial health, which could attract more investor attention to its potential earnings.
- Intercorp Financial Services Leading: Intercorp Financial Services was the top performer on Tuesday, with a rise of about 10.6%, likely due to market recognition of its business model, further enhancing its competitiveness in the financial services sector.
- Southern Copper Lagging: Southern Copper's stock increased by approximately 1.2%, showing some market support despite lagging behind other components, which may reflect investor optimism regarding its long-term value.
See More
Latest Wall Street Ratings and Price Target Adjustments
- Micron Price Target Increase: Citigroup raised Micron Technology's price target from $425 to $840, anticipating a 40% increase in DRAM prices in Q2, which will significantly enhance its market competitiveness.
- Jazz Pharmaceuticals Upgrade: UBS upgraded Jazz Pharmaceuticals from Neutral to Buy and raised its price target from $188 to $307, driven by increased confidence in the commercial potential of its cancer drug Ziihera, which is expected to boost company performance.
- Nvidia Price Target Boost: HSBC raised Nvidia's price target from $295 to $325, expecting the company to exceed market expectations in its upcoming earnings report, further enhancing its profitability.
- Costco Price Target Increase: Oppenheimer raised Costco's price target from $1,100 to $1,160, believing that its defensive characteristics and superior value proposition will continue to drive market share growth, with potential catalysts for a special dividend or stock split.
See More
Credicorp Reports Q1 Net Income Exceeding Expectations
- Net Income Performance: Credicorp reported a net income of $609.1 million for Q1, exceeding Wall Street expectations, which underscores the company's strong performance in the financial market and reinforces its leadership position in the Peruvian finance sector.
- Earnings Per Share: The earnings per share reached $7.65, significantly above the analysts' estimate of $7.06, indicating a robust performance that may attract more investor interest and enhance market confidence.
- Revenue Growth: The company posted total revenue of $2.21 billion in the quarter, with net revenue after interest expenses at $1.84 billion, both surpassing market forecasts, demonstrating the effectiveness of its business model and strong market demand.
- Stock Price Surge: Credicorp's shares have risen 14% since the beginning of the year and 58% over the past 12 months, reflecting investor confidence in the company's future growth potential and market recognition of its financial health.
See More
Credicorp Ltd. to Release Q1 Earnings on May 14
- Earnings Release Announcement: Credicorp Ltd. is set to release its Q1 2023 earnings on May 14, with analysts projecting an EPS of $7.26 and revenue of $1.75 billion, indicating the company's stable growth potential in the financial services sector.
- Leadership Succession: The recent announcement of executive leadership succession may impact the company's strategic direction, as the new leadership team faces challenges in maintaining performance in a competitive market.
- Market Expectations: Analysts hold an optimistic view of Credicorp's financial performance, anticipating that its strong profitability and revenue growth will attract more investor interest, potentially driving the stock price higher.
- Industry Context: In the current economic environment, the financial services industry faces multiple challenges, and Credicorp's earnings release will provide crucial market signals for investors to assess its future growth prospects.
See More
Credicorp Set to Announce Q1 Earnings on May 14
- Earnings Announcement Date: Credicorp is set to release its Q1 earnings on May 14 after market close, with investors keenly awaiting the results, which are expected to have a short-term impact on stock price.
- Earnings Expectations: The consensus EPS estimate stands at $7.26, reflecting market confidence in its profitability, although current valuations are seen as limiting upside potential.
- Revenue Estimate Changes: The revenue estimate of $1.75 billion has not seen any upward revisions in the last three months, with one downward adjustment, indicating market caution regarding revenue growth.
- Valuation Analysis: While Credicorp is regarded as a strong bank, analysts highlight that its current valuation limits further upside potential, prompting investors to closely monitor the upcoming earnings report for future direction.
See More
Credicorp Announces Executive Leadership Changes to Support Growth
- Executive Appointments: Credicorp has appointed Alejandro Pérez-Reyes Zarak as Head of Microfinance and CEO of Mibanco, effective October 1, 2026, aimed at ensuring a smooth leadership transition and supporting Mibanco's new growth phase.
- Financial Leadership Change: Ignacio Belaunde will become Chief Financial Officer of Credicorp and BCP, effective October 1, 2026, having played a crucial role in enhancing BCP's strategic planning and financial management capabilities, which is expected to further drive the company's financial strategy.
- Audit Officer Transition: Rosa Cigüeñas Espinel will succeed Jose Esposito as Chief Corporate Audit Officer of Credicorp on May 1, 2027, as he retires, with this appointment aimed at strengthening the company's governance and risk management capabilities.
- Leadership Stability: Credicorp's CEO Gianfranco Ferrari emphasized that these appointments reflect the company's commitment to building leadership depth and ensuring continuity across its businesses, further promoting financial inclusion and long-term value creation.
See More
