2024-07-24 23:43:15 ET
Summary
- Bladex reported strong 2Q24 results with continued growth in book size, income, and fees.
- The bank's efficiency ratio is below 25%, making it one of the most efficient globally.
- Main risk is a global recession affecting Latin American trade patterns, but the stock remains attractive with a Buy rating.
Banco Latinoamericano de Comercio Exterior ( BLX ), or Bladex for short, reported 2Q24 results today. This article covers the results and earnings call and revisits the company valuation from my previous article in April 2024 . ...
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Bladex: Q2 2024 Keeps The Performance Trend, The Bank Is Still A Buy