whytestocks
4 years ago
News: $BLX Bladex Reports A Quarterly Profit Of $14.1 Million, Or $0.36 Per Share, With Solid Credit Collections And Ample Liquidity Levels
PANAMA CITY , July 28, 2020 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, "Bladex", or "the Bank"), a Panama -based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade...
Got this from BLX - Bladex Reports A Quarterly Profit Of $14.1 Million, Or $0.36 Per Share, With Solid Credit Collections And Ample Liquidity Levels
whytestocks
5 years ago
News: $BLX Bladex Announces Profit for the Second Quarter 2019 of $22.3 Million, or $0.56 Per Share; Half-Year 2019 Profit of $43.5 Million, or $1.10 Per Share
PANAMA CITY , July 19, 2019 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, "Bladex", or "the Bank"), a Panama -based multinational bank originally established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade...
Got this from Bladex Announces Profit for the Second Quarter 2019 of $22.3 Million, or $0.56 Per Share; Half-Year 2019 Profit of $43.5 Million, or $1.10 Per Share
justin663
9 years ago
Motley Fool, "Can BLX grow as Latin America.."
http://www.fool.com/investing/international/2015/07/14/can-bladex-grow-even-as-latin-america-stumbles.aspx
& response below
good commentary. I feel there are many opportunities for this stock to grow & the region to grow in my humble opinion
1. Sri-Kumar of Global Strategies is Bullish on Brazil. He goes there several times a year. though Brazil is down now, "Brazil always bounces back & I am bullish on Brazil" quote Sri-Kumar. BLX holds a significant portion of loans in Brazil.
2. Potential Nicaraguan Canal. Even if the canal doesn't get built, Nicaragua has stabilized & in my opinion offers the best opportunity for growth 2nd too..
3. Cuba...all eyes on Cuba.. this is a huge opportunity for BLX
4. P/E ratio 8. hmm, in an overvalued market, what more could you ask for
5. Dividend 6% . after current smackdown in price, annual dividend is now over 6%.
6. this , BLX company, is the equivalent of the "Central Bank" of Latin America. though it may not be fair, can central bankers really loose?
7. with weakening USA stats & China's devaluation of currency, can the FED really raise rates now in September?
8. Even if the Fed did raise rates in September, I believe, again in my opinion, that by the time they announce raising at the next FOMC meeting, the stock will have already priced in the rise and go upward , it's the old attage, buy on rumour sell on fact, well in this case, sell on rumour buy on fact.
justin663
9 years ago
first quarter earnings exceed analyst estimate of .71 cents a share! BLX
Bladex First Quarter 2015 Net Income Reached $28.8 Million, Or $0.74 Per Share (+23% YoY)
3 days 20 hours 34 minutes ago - DJNF
PANAMA CITY, April 16, 2015 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, "Bladex", or "the Bank"), a Panama-based supranational bank established by the central banks of 23 Latin-American and Caribbean countries to promote foreign trade finance and economic integration in the Region, today announced its results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
Reported results:
-- Bladex's first quarter 2015 ("1Q15") Net Income totaled $28.8 million
(+23% YoY; -20% QoQ), on year-on-year improvements in business income
(+10% YoY) and non-core results.
-- Net interest income totaled $35.8 million in 1Q15 (+11% YoY; -7% QoQ),
mainly from higher year-on-year average loan portfolio balances and
higher net margins resulting primarily from lower average funding costs.
-- Fees and Other Income totaled $2.8 million in 1Q15, on lower balances in
the letters of credit business, while there were no fees from closed
transaction recorded in the loan intermediation and syndication business,
as several transactions still remain in progress.
Key performance metrics:
-- The Bank's 1Q15 annualized return on average equity ("ROAE") reached
12.6% versus 10.9% in 1Q14 and 15.7% in 4Q14.
-- Net interest spread and net interest margin in 1Q15 was 1.68% (+6 bps
YoY; -8 bps QoQ), and 1.84% (+5 bps YoY; -8 bps QoQ), respectively. The
YoY improvement was mainly driven by higher average loan portfolio
balances (+9%) and lower average funding costs (-7 bps).
-- The 1Q15 Business Efficiency Ratio, which excludes non-core revenues and
expenses, was 33% (-2 pts. YoY; +1 pt. QoQ), as business operating
revenues increased 7% YoY and decreased 14% QoQ, while business operating
expenses decreased 1% YoY and 11% QoQ.
Credit Growth & Quality:
-- Average Commercial Portfolio balances amounted to $7.1 billion in 1Q15
(+8% YoY; -2% QoQ), while the end-of-period Commercial Portfolio balances
stood at $7.1 billion as of March 31, 2015 (+7% YoY; -1% QoQ).
-- Non-accrual loans to total loan portfolio balances amounted to 0.32% as
of March 31, 2015, while the ratio of the allowance for credit losses to
the Commercial Portfolio ending balances was 1.23% (+5 bps YoY; +3 bps
QoQ). The credit provision to non-performing loan balances ratio was 4.2
times as of March 31, 2015.
FINANCIAL SNAPSHOT
(US$ million, except percentages and per share
amounts) 1Q15 4Q14 1Q14
------------------------------------------------------ ------ ------ ------
Key Income Statement Highlights
Operating revenues $42.2 $51.8 $36.5
Operating expenses $13.0 $14.5 $13.5
Business Net Income(1) $26.4 $30.5 $24.0
Non-Core Items (2) $2.5 $5.6 ($0.5)
Net Income attributable to Bladex Stockholders(3) $28.8 $36.1 $23.5
Profitability Ratios
Earnings per Share ("EPS") (4) $0.74 $0.93 $0.61
Return on Average Equity ("ROAE") 12.6% 15.7% 10.9%
Business ROAE(5) 11.5% 13.2% 11.2%
Business Return on Average Assets 1.35% 1.52% 1.34%
Net Interest Margin ("NIM") 1.84% 1.92% 1.79%
Net Interest Spread ("NIS") 1.68% 1.76% 1.62%
Efficiency Ratio 31% 28% 37%
Business Efficiency Ratio (6) 33% 32% 35%
Assets, Capital, Liquidity & Credit Quality
Commercial Portfolio $7,093 $7,187 $6,610
Treasury Portfolio $393 $393 $353
Total Assets $7,955 $8,025 $7,179
Market capitalization $1,276 $1,167 $1,021
Tier 1 Basel I Capital Ratio (7) 16.2% 15.3% 16.4%
Leverage (times) (8) 8.4 8.8 8.1
Liquid Assets / Total Assets (9) 11.6% 9.2% 8.0%
Non-Accruing Loans to Total Loans, net of discounts 0.32% 0.06% 0.05%
Allowance for Credit Losses to Commercial Portfolio 1.23% 1.20% 1.18%
Credit provision to non-performing loan balances
(times) 4.2 21.4 24.9
------------------------------------------------------ ------ ------ ------
CEO's Comments
Mr. Rubens V. Amaral, Jr., Bladex's Chief Executive Officer, stated the following regarding the Bank's First Quarter 2015 results: "Allowing for seasonal effects not uncommon in our business during the early part of the year, we are pleased to report solid results for the first quarter of 2015.
Weakness in commodity prices, especially so in the case of oil products, has put a damper on origination volumes, even as demand continues to be strong. We have managed to compensate these effects by diversifying into other sectors, such as financial institutions, food and beverage, retail trade, among others, and remain committed to privilege well priced business over sheer volume growth.
Regarding credit quality, we are carefully watching and managing our exposures in order to proactively address and minimize any potential impact on the bottom line, and with that we have only had to make minor adjustments to our reserve coverage levels. As confident as we are regarding the quality of our book of business, we continue to remain vigilant in case the operating environment for our client base suffers any adverse changes.
Operating performance remains on track, and continues to show year-on-year improvements. On the fee income side, we are also making good progress even in the absence of a completed structured transaction this quarter. Our letters of credit business is diversifying away from higher risk environs, and the pipeline of transactions being worked on looks strong, leading us to remain confident regarding our ability to reach our fee income targets this year.
We are aware of the headwinds impacting the economic development of the Region, with 2015 growth estimates now being lowered to levels similar to last year's. Nevertheless, we believe that Bladex continues to be very well positioned to thrive in this environment." Mr. Amaral concluded.
justin663
9 years ago
Venezuela's currency issues bullish for Latin America's Central Bank. BLX in my humble opinion. They will need more Latin American style QE coming from papa bank BLX
Dana Holding Sells Venezuelan Operations
17 minutes ago - DJNF
By Jeff Bennett
Dana Holding Corp. sold its Venezuelan operations on Monday, the latest company in the automotive industry to make significant changes in a nation dogged with economic uncertainty and tight currency controls.
Dana's Venezuelan subsidiary, C.A. Danaven, which employs about 540 people at two plants, was sold to Manufacturing and Logistics Solutions Ltd. Dana will take a $77 million fourth-quarter charge relating to the divestiture and will act as a supplier providing axle components to MLS, which provides parts to auto companies in Venezuela.
"This business decision was made to improve Dana shareholder value by reducing uncertainty associated with foreign currency and other regulatory pressures," Dana Chief Executive Roger Wood said in a statement. South America account for less than 5% of the company's annual sales, it said.
Auto makers and parts suppliers are struggling to protect their balance sheets as currency fluctuations within South America generated unexpected losses. New car demand in the region also continues to fall. Auto sales industrywide in Venezuela fell 76% in 2014 to 23,707 vehicles, and the country's auto production fell 72.5% to 19,759 vehicles, according to WardsAuto.com.
stocktrademan
10 years ago
$BLX DD Notes ~ http://www.ddnotesmaker.com/BLX
bullish
123 wave pattern continuation
bullish measured move wave pattern
http://www.scribd.com/doc/82093034/123-Chart-Pattern
$BLX recent news/filings
## source: finance.yahoo.com
Wed, 10 Sep 2014 14:35:51 GMT ~ Banco Latinoamericano (BLX) is in Overbought Territory: What's Next?
read full: http://finance.yahoo.com/news/banco-latinoamericano-blx-overbought-territory-143551067.html
*********************************************************
Fri, 15 Aug 2014 14:20:58 GMT ~ Banco Latinoamericano (BLX) is in Overbought Territory: What's Next?
read full: http://finance.yahoo.com/news/banco-latinoamericano-blx-overbought-territory-142058728.html
*********************************************************
Thu, 24 Jul 2014 12:00:00 GMT ~ Bladex Announces Second Bond Issuance In Mexico
[PR Newswire] - PANAMA CITY, July 24, 2014 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank"; NYSE: BLX) announces its second issuance of "certificados bursatiles" ...
read full: http://finance.yahoo.com/news/bladex-announces-second-bond-issuance-120000699.html
*********************************************************
Wed, 23 Jul 2014 12:00:00 GMT ~ Bladex Half-Year 2014 Net Income Totaled $44.2 Million, or $1.14 per Share (+16% YoY). Second Quarter 2014 Net Income Reached $20.7 Million (-5% YoY; -12% QoQ)
[PR Newswire] - PANAMA CITY, July 23, 2014 /PRNewswire/ -- Banco Latinoamericano de Comercio Exterior, S.A. (NYSE: BLX, "Bladex", or "the Bank"), a Panama-based supranational bank established by the ...
read full: http://finance.yahoo.com/news/bladex-half-2014-net-income-120000306.html
*********************************************************
Wed, 23 Jul 2014 11:07:05 GMT ~ Q2 2014 Banco Latinoamericano de Comercio Exterior, S.A. Earnings Release - Before Market Open
read full: http://biz.yahoo.com/research/earncal/20140723.html?t=blx
*********************************************************
$BLX charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$BLX company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/BLX/company-info
Ticker: $BLX
OTC Market Place: Not Available
CIK code: 0000890541
Company name: Banco Latinoamericano de Comercio Exterior S.A.
Incorporated In: Panama
$BLX share structure
## source: otcmarkets.com
Market Value: $990,549,937 a/o Sep 09, 2014
Shares Outstanding: 29,710,556 a/o Dec 31, 2013
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$BLX extra dd links
Company name: Banco Latinoamericano de Comercio Exterior S.A.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/BLX/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/BLX/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=BLX+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=BLX+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=BLX+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/BLX/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/BLX/news - http://finance.yahoo.com/q/h?s=BLX+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/BLX/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/BLX/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/BLX/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/BLX/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/BLX/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/BLX/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/BLX/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/BLX/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=BLX+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/BLX
DTCC (dtcc.com): http://search2.dtcc.com/?q=Banco+Latinoamericano+de+Comercio+Exterior+S.A.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Banco+Latinoamericano+de+Comercio+Exterior+S.A.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Banco+Latinoamericano+de+Comercio+Exterior+S.A.&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/BLX/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/BLX
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/BLX/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/BLX/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/BLX/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000890541&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/BLX/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/BLX/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/BLX/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/BLX/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=BLX&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=BLX
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/BLX/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=BLX+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=BLX+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=BLX
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=BLX
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=BLX+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/BLX/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=BLX+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/BLX.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=BLX
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/BLX/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/BLX/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/BLX/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/BLX/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/BLX
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/BLX
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/BLX:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=BLX
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=BLX
$BLX DD Notes ~ http://www.ddnotesmaker.com/BLX
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