Banco de Chile (ADR) (BCH) is Downgraded by JP Morgan to Neutral

Banco de Chile (ADR) (BCH) was Downgraded by JP Morgan to ” Neutral”. Earlier the firm had a rating of “Overweight ” on the company shares. JP Morgan advised their investors in a research report released on May 6, 2016.

Banco de Chile (ADR) closed down -0.08 points or -0.13% at $63.71 with 34,286 shares getting traded on Wednesday. Post opening the session at $63.46, the shares hit an intraday low of $63.18 and an intraday high of $63.89 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Banco de Chile is a commercial bank. The Company provides financial services to all customer types. The Company offers a range of banking services to its customers ranging from individuals to large corporations. The services are managed in large corporate banking middle and small corporate banking personal banking services and retail. Additionally the Bank offers international as well as treasury banking services. The Bank operates in four business segments: Retail Wholesale Treasury and money market operations and Subsidiaries. The Bank’s subsidiaries provide other services including securities brokerage mutual fund and investment management insurance brokerage financial advisory and securitization. The Bank features a range of financial products and services including consumer loans credit cards mortgage loans microenterprise loans sight deposit accounts life and general insurance payroll deposit services and savings accounts.

Banco de Chile (ADR)

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