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Credicorp is Among the Companies in the Diversified Banks Industry With the Lowest Forward P/E Ratio (BAP, C, BLX, BAC, JPM)

By David Diaz

Below are the three companies in the Diversified Banks industry with the lowest forward price to earnings (P/E) ratios. Forward P/E uses estimated earnings to compare relative value among companies in the same industry. Generally, the lower the forward P/E, the more undervalued a company is believed to be.

Credicorp ranks lowest with a a forward P/E ratio of 3.27. Following is Citigroup with a a forward P/E ratio of 7.92. Banco Latinoamericano de Exportaciones ranks third lowest with a a forward P/E ratio of 8.44.

Bank of America follows with a a forward P/E ratio of 9.33, and JPMorgan Chase rounds out the bottom five with a a forward P/E ratio of 10.37.

SmarTrend recommended that subscribers consider buying shares of Credicorp on January 28th, 2016 as our technology indicated a new Uptrend was in progress when shares hit $97.30. Since that recommendation, shares of Credicorp have risen 44.9%. We continue to monitor Credicorp for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: lowest forward p/e ratio credicorp Citigroup banco latinoamericano de exportaciones Bank of america JPMorgan Chase

Ticker(s): BAP C BLX BAC JPM