J.P. Morgan downgrades Credicorp amid political uncertainty
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 23 2026
0mins
Source: seekingalpha
Credicorp Ltd (BAP) saw a price increase of 7.43% as it crossed above its 5-day SMA, indicating positive momentum in the stock.
However, J.P. Morgan downgraded Credicorp from Overweight to Neutral due to concerns over political uncertainty in Peru, despite maintaining a positive long-term outlook for the country. Analysts highlighted that while the stock has performed well year-to-date, the downgrade reflects the risks associated with the political transition and potential impacts from El Niño.
This downgrade may create short-term volatility for Credicorp, but the company's strong performance relative to other regional banks suggests that it could still attract investor interest if political conditions stabilize.
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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: 386.940
Low
264.00
Averages
323.00
High
412.00
Current: 386.940
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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