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 Q1. The results came in during Pre-market on Apr 14, 2016. Company reported revenue of $37.03M. Analysts estimated a revenue of $43.37M. Earnings per share were $0.60. Analysts had estimated an EPS of $0.61.

Banco Latinoamericano de Comerci Extr SA (BLX) shares turned negative on Mondays trading session with the shares closing down -0.27 points or -1.07% at a volume of 2,28,810. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $25.23. The peak price level was also seen at $25.23 while the days lowest was $24.72. Finally the shares closed at $24.91. The 52-week high of the shares is $33.54 while the 52-week low is $19.63. According to the latest information available, the market cap of the company is $971 M.

Banco Latinoamericano de Comerci Extr SA has also declared a cash dividend of $0.1400 on Feb 24, 2016. The shares will quote ex-dividend on May 26, 2016 and the record date has been fixed on May 31, 2016. The dividend payable date has been fixed on Jun 15, 2016.

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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