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Credicorp: Q1 Earnings Snapshot

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

Beijing bans 4 New Zealand lawmakers from entering China because they visited Taiwan

WELLINGTON, New Zealand (AP) — Beijing banned four New Zealand lawmakers from traveling to China for a year and demanded they apologize because they visited Taiwan on a parliamentary trip, according to a message from the Chinese embassy conveyed via parliamentary officials and shown to The Associated Press on Thursday. China has hit lawmakers from other countries with sanctions related to contact with Taiwan before, but it's the first time for New Zealand parliamentarians, the government in Wellington said. Beijing has been increasing pressure in recent years on the democratically governed island that it claims as its own territory. Two lawmakers reached by the AP on Thursday rejected the demand for an apology, while the other two could not be immediately reached. New Zealand's government said it would express concern about the travel bans to Beijing. The elected officials visited Taipei in May, as New Zealand parliamentarians have done “for decades,” a spokesperson for Foreign Minister Winston Peters said in a statement.
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