Goldman Sachs Analysts Upgrade Santander-Chile, Expect Return On Equity To Rebound Over 17% In 2024 And 18.5% In 2025
Portfolio Pulse from Michael Juliano
Goldman Sachs upgraded Banco Santander-Chile (BSAC) from Sell to Neutral, expecting strong earnings momentum and a rebound in return on equity. Conversely, Bancolombia (CIB) was downgraded from Neutral to Sell due to weak earnings momentum and economic pressures in Colombia.
August 20, 2024 | 7:27 pm
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POSITIVE IMPACT
Goldman Sachs upgraded Banco Santander-Chile from Sell to Neutral, expecting strong earnings momentum and a rebound in return on equity to 17.2% in 2024 and 18.5% in 2025.
The upgrade from Sell to Neutral by Goldman Sachs, along with positive expectations for earnings momentum and return on equity, suggests a positive short-term impact on BSAC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs downgraded Bancolombia from Neutral to Sell due to weak earnings momentum and economic pressures in Colombia, with profitability expected to decline through 2026.
The downgrade from Neutral to Sell by Goldman Sachs, along with expectations of declining profitability and economic challenges, suggests a negative short-term impact on CIB's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100