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BAP vs BSAC
Which Stock Would AI Choose? Credicorp (BAP) vs. Banco Santander-Chile (BSAC) Stock Comparison
Key Takeaways
- BAP (Credicorp Ltd.) is a diversified Peruvian financial services group, while BSAC (Banco Santander-Chile) is Chile's largest bank by loans and deposits.
- Both delivered strong recent earnings, but their return drivers differ: BAP leans on loan growth and digital fees, while BSAC benefits heavily from inflation-linked "readjustment" income.
- BAP recently posted record net income and a 21.1% return on equity (ROE, a measure of profitability relative to shareholder capital), while BSAC reported a 31.5% return on average equity in its latest quarter.
- Analyst sentiment is split on both names, with upgrades offset by valuation concerns and divergent views on macro conditions in Peru versus Chile.
- Both stocks carry emerging-market and political risk, but their risk profiles differ in geography, business mix, and earnings sensitivity to inflation and interest rates.
Introduction
Investors evaluating Latin American financials often weigh diversified multi-line lenders against concentrated, market-leading banks. This stock comparison examines BAP and BSAC, two prominent Andean-region financial institutions with distinct business models, growth drivers, and risk exposures. Because both generate earnings in local currencies while trading as U.S.-listed securities, their relative performance reflects not only operating results but also foreign-exchange dynamics, commodity prices, and political developments. Traders seeking momentum, dividend income, or exposure to Peru and Chile may find the contrast instructive for assessing market positioning and relative performance in the current environment.
BAP Overview and Recent Performance
BAP, or Credicorp Ltd., is Peru's leading financial services holding company, operating across universal banking, insurance and pensions, microfinance, and investment management. Its flagship subsidiary, Banco de Crédito del Perú, anchors a franchise that also includes the rapidly scaling digital payments platform Yape.
Recent weeks have been constructive for Credicorp. The company reported record quarterly net income, with consolidated ROE of 21.1%, loan growth of roughly 8% year over year, and a net interest margin (NIM, the spread between interest earned and interest paid on funding) of 6.6%. Asset quality improved, with the non-performing loan (NPL) ratio falling to 4.3%. Digital momentum was a key theme, as Yape surpassed 16 million monthly active users and contributed about 17% of group fee income.
Sentiment has been broadly favorable, with at least one major bank upgrading the stock and several firms raising price targets. However, the stock also cooled after a multi-year run, and analysts flag Peru's presidential election cycle, inflation near 4%, and the asset-quality risk tied to fast-growing digital lending as factors that could temper near-term momentum.
BSAC Overview and Recent Performance
BSAC, or Banco Santander-Chile, is the largest bank in Chile measured by loans, deposits, and checking accounts, and operates as part of Spain's Santander group. Its business spans retail banking, middle-market and corporate lending, and a growing digital and payments ecosystem anchored by Getnet.
Recent market activity has been strong for BSAC. The bank's latest quarterly results showed a 40% sequential jump in net income and a 31.5% return on average equity, driven partly by higher inflation boosting its inflation-indexed "readjustment" income. Efficiency improved to about 30.8%, among the best in the Chilean banking industry, while capital ratios remained solid, with a Common Equity Tier 1 (CET1, a key measure of core capital strength) ratio of 11.1%. The bank also distributed a dividend equating to a yield near 4.5%.
Still, the outlook is mixed. Management lowered Chile's 2026 GDP growth estimate to roughly 1% amid weaker mining output and higher oil prices, and analysts have voiced concerns about slower loan growth and asset-quality pressure. Ratings remain split, with upgrades from some firms contrasted by a Sell rating at another major bank.
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Head-to-Head Comparison
The two companies differ most in business model and geographic concentration. BAP is a diversified holding company whose earnings span banking, insurance, pensions, and microfinance across Peru and several neighboring markets, giving it multiple revenue streams but broader operational complexity. BSAC is a more focused, Chile-centric retail and commercial bank whose results are tightly linked to domestic inflation, rates, and credit conditions.
Growth drivers also diverge. BAP's recent momentum reflects expanding digital monetization through Yape and rising loan demand in a growing Peruvian economy. BSAC's profitability has been amplified by inflation-indexed income and disciplined cost control, though Chile's slower growth outlook and stagnant loan book present a more muted organic-growth story.
On risk, BAP faces election uncertainty in Peru and credit risk from rapid digital-lending expansion, while BSAC contends with a softening Chilean economy, competitive pressure in payments, and sensitivity to inflation swings. Both are exposed to commodity prices and foreign-exchange moves, but through different channels: Peru's copper-heavy export base versus Chile's exposure to copper and mining-linked activity.
Tickeron AI Verdict
Based on observable trend consistency, earnings momentum, and relative positioning, Tickeron's AI would likely favor BAP in the current environment. Credicorp combines record profitability, improving asset quality, and a visible digital-growth catalyst in Yape, supported by a relatively stronger domestic-demand backdrop. These factors suggest more consistent and broadly diversified momentum than BSAC's, whose recent outperformance leans heavily on inflation-driven readjustment income that may normalize as inflation cools. That said, both stocks carry valuation and macro-related uncertainties, so this assessment reflects a probabilistic, trend-based view rather than a definitive forecast of either security's future performance.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is BAP is a Buy and BSAC is a StrongBuy.
BAP in upward trend: 10-day moving average crossed above 50-day moving average on October 15, 2026
The 10-day moving average for BAP crossed bullishly above the 50-day moving average on October 15, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 11 of 15 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 73%.
Technical Analysis (Indicators)
Bullish Trend Analysis
Following a +1.65% 3-day Advance, the price is estimated to grow further. Considering data from situations where BAP advanced for three days, in 233 of 336 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
BAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In 257 of 360 cases where BAP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 33 of 57 cases where BAP's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 58%.
The Momentum Indicator moved below the 0 level on October 22, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BAP as a result. In 46 of 81 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 57%.
The Moving Average Convergence Divergence Histogram (MACD) for BAP turned negative on October 22, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 45 similar instances when the indicator turned negative. In 24 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 53%.
BAP moved below its 50-day moving average on October 22, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BAP declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 55%.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 2 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 55, placing this stock better than average.
The Tickeron SMR rating for this company is 4 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 19 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.809) is normal, around the industry mean (1.268). P/E Ratio (4.183) is within average values for comparable stocks, (13.372). Projected Growth (PEG Ratio) (1.040) is also within normal values, averaging (1.190). BAP's Dividend Yield (0.149) is considerably higher than the industry average of (0.035). P/S Ratio (4.088) is also within normal values, averaging (3.738).
The Tickeron Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. BAP’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 93 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
BSAC's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for BSAC moved out of oversold territory on October 08, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 19 similar instances when the indicator left oversold territory. In 17 of the 19 cases the stock moved higher. This puts the odds of a move higher at 89%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 20, 2026. You may want to consider a long position or call options on BSAC as a result. In 56 of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 67%.
The Moving Average Convergence Divergence (MACD) for BSAC just turned positive on October 15, 2026. Looking at past instances where BSAC's MACD turned positive, the stock continued to rise in 38 of 51 cases over the following month. The odds of a continued upward trend are 75%.
Following a +1.99% 3-day Advance, the price is estimated to grow further. Considering data from situations where BSAC advanced for three days, in 242 of 351 cases, the price rose further within the following month. The odds of a continued upward trend are 69%.
BSAC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 41 of 70 cases where BSAC's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 59%.
BSAC moved below its 50-day moving average on September 23, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for BSAC crossed bearishly below the 50-day moving average on September 23, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 10 of 18 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 56%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BSAC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 53%.
The Aroon Indicator for BSAC entered a downward trend on October 16, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 1 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is 2 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 55, placing this stock better than average.
The Tickeron Valuation Rating of 15 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: BSAC's P/B Ratio (0.003) is slightly lower than the industry average of (1.268). P/E Ratio (0.014) is within average values for comparable stocks, (13.372). Projected Growth (PEG Ratio) (2.596) is also within normal values, averaging (1.190). BSAC's Dividend Yield (0.159) is considerably higher than the industry average of (0.035). P/S Ratio (5.236) is also within normal values, averaging (3.738).
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is 52 (best 1 - 100 worst), indicating fairly steady price growth. BSAC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 97 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
BAP | BSAC | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 11 | 77 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 19 Undervalued | 15 Undervalued | |
PROFIT vs RISK RATING 1..100 | 2 | 2 | |
SMR RATING 1..100 | 4 | 1 | |
PRICE GROWTH RATING 1..100 | 41 | 52 | |
P/E GROWTH RATING 1..100 | 93 | 97 | |
SEASONALITY SCORE 1..100 | 50 | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
BSAC's Valuation (15) in the Regional Banks industry is in the same range as BAP (19). This means that BSAC’s stock grew similarly to BAP’s over the last 12 months.
BSAC's Profit vs Risk Rating (2) in the Regional Banks industry is in the same range as BAP (2). This means that BSAC’s stock grew similarly to BAP’s over the last 12 months.
BSAC's SMR Rating (1) in the Regional Banks industry is in the same range as BAP (4). This means that BSAC’s stock grew similarly to BAP’s over the last 12 months.
BAP's Price Growth Rating (41) in the Regional Banks industry is in the same range as BSAC (52). This means that BAP’s stock grew similarly to BSAC’s over the last 12 months.
BAP's P/E Growth Rating (93) in the Regional Banks industry is in the same range as BSAC (97). This means that BAP’s stock grew similarly to BSAC’s over the last 12 months.
| BAP | BSAC | |
|---|---|---|
| RSI ODDS (%) | N/A | 1 day ago 89% |
| Stochastic ODDS (%) | 1 day ago 58% | 1 day ago 59% |
| Momentum ODDS (%) | 1 day ago 57% | 1 day ago 67% |
| MACD ODDS (%) | 1 day ago 53% | 1 day ago 75% |
| TrendWeek ODDS (%) | 1 day ago 57% | 1 day ago 49% |
| TrendMonth ODDS (%) | 1 day ago 55% | 1 day ago 46% |
| Advances ODDS (%) | 7 days ago 69% | 8 days ago 69% |
| Declines ODDS (%) | 1 day ago 55% | 1 day ago 53% |
| BollingerBands ODDS (%) | 1 day ago 71% | 1 day ago 72% |
| Aroon ODDS (%) | 1 day ago 71% | 1 day ago 50% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
BAP’s FA Score shows that 3 FA rating(s) are green while BSAC’s FA Score has 3 green FA rating(s).
- BAP’s FA Score: 3 green, 2 red.
- BSAC’s FA Score: 3 green, 2 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
BAP’s TA Score shows that 4 TA indicator(s) are bullish while BSAC’s TA Score has 5 bullish TA indicator(s).
- BAP’s TA Score: 4 bullish, 5 bearish.
- BSAC’s TA Score: 5 bullish, 5 bearish.
Price Growth
BAP (@Regional Banks) experienced а -4.47% price change this week, while BSAC (@Regional Banks) price change was +2.45% for the same time period.
The average weekly price growth across all stocks in the @Regional Banks industry was +2.71%. For the same industry, the average monthly price growth was +0.05%, and the average quarterly price growth was +9.08%.
Reported Earning Dates
BAP is expected to report earnings on Nov 09, 2026.
BSAC is expected to report earnings on Oct 30, 2026.
Industries' Descriptions
@Regional Banks (+2.71% weekly)Regional banks have a smaller reach than major banks, and cater mostly to one region of a country, such as a state or within a group of states. They offer services often similar – albeit with some limitations/smaller scale – compared to major banks. Taking deposits, making loans, mortgages, leases, credit cards , fund management, insurance and investment banking. SunTrust Banks, State Street Corp., M&T Bank Corp. are some examples of U.S. regional banks.
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BSAC and
Correlation & Price change
A.I.dvisor indicates that over the last year, BSAC has been closely correlated with BCH. These tickers have moved in lockstep 86% of the time. This A.I.-generated data suggests there is a high statistical probability that if BSAC jumps, then BCH could also see price increases.
| Ticker / NAME | Correlation To BSAC | 1D Price Change % | ||
|---|---|---|---|---|
| BSAC | 100% | -3.09% | ||
| BCH - BSAC | 86% Closely correlated | -2.80% | ||
| ITUB - BSAC | 65% Loosely correlated | -2.16% | ||
| INTR - BSAC | 61% Loosely correlated | -4.55% | ||
| DB - BSAC | 58% Loosely correlated | -2.39% | ||
| CIB - BSAC | 57% Loosely correlated | -0.98% | ||
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