Banco Santander-Chile (ADR) (BSAC) Releases Earnings Results, Beats Expectations By $0.05 EPS

Banco Santander-Chile (ADR) (BSAC) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.67 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.62. Analysts expectations of $436515.27 million. During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Banco Santander-Chile (ADR). Banco Santander-Chile (ADR) was Downgraded by Credit Suisse to ” Neutral” on Mar 7, 2016.

Banco Santander-Chile (ADR) opened for trading at $19.22 and hit $19.66 on the upside on Wednesday, eventually ending the session at $19.37, with a gain of 0.47% or 0.09 points. The heightened volatility saw the trading volume jump to 4,98,558 shares. Company has a market cap of $9,126 M.

Banco Santander-Chile is a Chilean bank. The Company provides commercial and retail banking services to its customers. Its commercial and retail banking services include Chilean peso and foreign currency denominated loans to finance a range of commercial transactions trade foreign currency forward contracts and credit lines and a line of retail banking services including mortgage financing. It divides its clients into four groups: Individuals and Small and mid-sized (SMEs) Companies and Institutions Global Banking and Markets and Corporate Activities (Other). The Company has operating segments within each group such as Individuals and Small and mid-sized (SMEs) group includes the Santander Banefe Commercial Banking and SMEs segment; Companies and Institutions group includes Middle Market Real Estate Large Corporations and Institutions segments and the Global Banking and Markets group includes Corporate and Treasury segments.

Banco Santander-Chile (ADR)

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