Banco Latinoamericano: Q2 Earnings Snapshot

Associated Press Finance
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PANAMA CITY (AP) — PANAMA CITY (AP) — Banco Latinoamericano de Comercio Exterior SA (BLX) on Thursday reported second-quarter earnings of $37.1 million.

The bank, based in Panama City, said it had earnings of $1.02 per share.

The bank created in South and Central America to provide trade financing posted revenue of $162.4 million in the period. Its revenue net of interest expense was $57.4 million, exceeding Street forecasts.

Banco Latinoamericano shares have climbed 38% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $22.43, an increase of 70% 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 BLX at https://www.zacks.com/ap/BLX

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