Banco de Chile (NYSE:BCH) attracts deposits and offers retail and commercial banking services. The Bank offers credit, mortgage loans, co-branded credit cards, securities brokerage services, mutual funds, factoring, insurance, and investment products. Banco de Chile operates a network of branches in Chile, Argentina, Brazil, Mexico, and the United States.
| Ticker | Price | Dividend | 52-week Performance | MarketCap |
|---|---|---|---|---|
BCH |
94.77 (2/4/12) | 12mth: $3.71 Yield: 3.91% | Range: $64.57-$95.27 Return from Low: +46.77% | $13.73 Bil |
| Overview | BCH @Marketwatch | BCH @Bloomberg | BCH @TheStreet | BCH @Google | BCH @Yahoo |
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Stock sale reinforces value of BCH
Spanish bank Santander will sell a 7.8 percent stake in Santander Chile to help meet regulations on capital requirements. The stock sale reinforces value of BCH and reduces the tie with the weakened Spanish parent. In the long run this should help BCH valuation.