Banco Latinoamericano de Comercio Exterior Reports Quarterly Earnings and Shares Rise

Banco Latinoamericano de Comercio Exterior (NYSE:BLX) announced its financial results for the recent quarter, highlighting an earnings per share (EPS) of $1.73. The bank achieved a net profit margin of 24.91% and a return on equity of 15.63%. Following the report, the company's stock increased by 2.9%, closing at $40.47, with a market capitalization of approximately $1.48 billion. On May 15th, Wall Street Zen upgraded BLX's rating from "sell" to "hold," indicating a shift in analyst outlook. The stock traded actively, with 142,705 shares changing hands, surpassing its average volume of 126,459. The stock's 50-day simple moving average stands at $41.44, while the 200-day average is $39.34. Financial health indicators show a debt-to-equity ratio of 2.92, a current ratio of 1.62, and a quick ratio of 1.62. With a P/E ratio of 7.23 and a beta of 0.88, BLX's stock has ranged between a 52-week low of $27.37 and a high of $43.24. Banco Latinoamericano de Comercio Exterior specializes in financing international trade within Latin America and the Caribbean. Its services include bilateral and structured loans, syndicated financing, acquisition and pre-export loans, bridge loans, and proje...