Report
Colin Plunkett
EUR 101.80 For Business Accounts Only

Banco de Chile’s Results Support Our Long-Term Thesis

Nothing in Banco de Chile’s results alters our long-term view of the firm. For the 2017 year, the bank posted lackluster results, with operating revenue decreasing by 1.5% relative to 2016. That said, the fourth quarter saw a year-over-year improvement of 3.4%. Most of the annual decrease in operating revenue can be attributed to an appreciably weaker third quarter this year. Some of this can also be attributed to lower income from sales of available-for-sale instruments. These were higher in 20...
Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Colin Plunkett

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