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Credicorp: Q1 Earnings Snapshot

By The Associated Press

LA MOLINA, Bermuda (AP) — LA MOLINA, Bermuda (AP) — Credicorp Ltd. (BAP) on Thursday reported first-quarter net income of $609.1 million.

The La Molina, Bermuda-based bank said it had earnings of $7.65 per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $7.06 per share.

The Peruvian finance company posted revenue of $2.21 billion in the period. Its revenue net of interest expense was $1.84 billion, which also topped Street forecasts.

Credicorp shares have climbed 14% since the beginning of the year. The stock has risen 58% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BAP at https://www.zacks.com/ap/BAP

Iran attacks Bahrain and Kuwait following US strikes, threatens to end talks to end the war

By The Associated Press
DUBAI, United Arab Emirates (AP) — Iran's paramilitary Revolutionary Guard launched drone and missile attacks Sunday targeting Bahrain and Kuwait in response to U.S. airstrikes that hit the Islamic Republic, and threatened a “complete halt” could come to negotiations to end the war if Washington continues its attacks. Efforts to reopen the Strait of Hormuz, the narrow mouth of the Persian Gulf that once carried a fifth of the world's oil and natural gas, without Iran's direct oversight sparked the crossfire now gripping the region. A multinational maritime body overseen by the U.S. Navy said Saturday that it would expand a route near Oman in the Strait of Hormuz to allow for both inbound and outbound traffic — setting up a new flashpoint with Tehran. Iran insists it alone must govern the strait after the war, upending decades of the world considering that the strait was international waters free for all, despite its sitting in Iran and Oman's territorial waters. Tehran has twice attacked vessels going through the Oman route, backed by a United Nations agency, in recent days. Early Sunday, the U.S. military’s Central Command said it struck Iranian military “surveillance infrastructure, communication systems, air defense sites, drone storage facilities and minelayer capabilities” following an attack on a ship at sea early Saturday morning. That ship, the Panamanian-flagged tanker Kiku, carried crude oil for the state-run energy company of Qatar, a key negotiator between Iran and the United States.
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