Latest news with #BCH
Yahoo
3 days ago
- Business
- Yahoo
CoinDesk 20 Performance Update: NEAR Drops 5.4% as Almost All Assets Trade Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3130.42, down 1.7% (-54.58) since 4 p.m. ET on Thursday. One of 20 assets are trading higher. Leaders: BCH (+0.5%) and BTC (-0.2%).Laggards: NEAR (-5.4%) and DOT (-5.3%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.
Yahoo
23-05-2025
- Business
- Yahoo
CoinDesk 20 Performance Update: Index Declines 3.2% as All Assets Trade Lower
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3239.11, down 3.2% (-107.44) since 4 p.m. ET on Thursday. None of the 20 assets are trading higher. Leaders: SOL (-1.1%) and BCH (-1.8%). Laggards: SUI (-6.8%) and NEAR (-5.8%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
13-05-2025
- Business
- Yahoo
CoinDesk 20 Performance Update: Ethereum (ETH) Gains 2.6%, Leading Index Higher
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3258.85, up 1.8% (+58.26) since 4 p.m. ET on Monday. Twelve of 20 assets are trading higher. Leaders: ETH (+2.6%) and XRP (+2.0%).Laggards: BCH (-1.2%) and HBAR (-1.2%). The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
Banco De Chile (BCH) Q1 2025 Earnings Call Highlights: Strong Net Income and Strategic Growth ...
Release Date: May 07, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Banco De Chile (NYSE:BCH) reported a strong net income of 329 billion pesos for Q1 2025, surpassing peers and achieving a return on average equity (ROAE) of 23.3%. The bank's cost-to-income ratio is at an impressive 36.1%, outperforming expectations and demonstrating disciplined cost management. Banco De Chile (NYSE:BCH) has a robust capital base with a Basel III ratio of 17.4%, significantly above the fully loaded requirements of 12.4%. The bank's digital transformation initiatives, including AI tools and new digital products, have driven a 21% year-on-year growth in its fan customer base. Banco De Chile (NYSE:BCH) maintains a high liquidity coverage ratio of 186%, well above regulatory limits, ensuring strong financial stability. The macroeconomic environment remains uncertain, with potential impacts from global trade conditions and local elections in Chile. Inflation in Chile has been above the central bank's target, with March's annual inflation at 4.9%, posing challenges for future financial planning. Loan growth has been modest, with a 3.2% year-over-year increase, and commercial loans have remained flat, indicating potential challenges in expanding the loan portfolio. The bank's non-customer income decreased due to the maturity of central bank funding, impacting overall revenue growth. There is uncertainty regarding future capital deployment, with discussions on maintaining capital buffers for potential regulatory changes and growth opportunities. Warning! GuruFocus has detected 8 Warning Sign with BCH. Q: With the current capital surplus, how does Banco de Chile plan to deploy this excess capital? Are there plans for increased dividends, M&A, or growth initiatives? A: Daniel Valarte, Head of Financial Control and Capital, explained that the bank aims to maintain favorable capital buffers to support future organic or inorganic growth opportunities. The current capital position is partly due to strong profitability over the past five years. The bank plans to maintain a 60% dividend payout ratio unless growth is below expectations or results exceed expectations, which could lead to higher payouts. Q: What are Banco de Chile's expectations for loan growth by segment, and what factors could accelerate growth beyond mid-single-digit levels? A: Pablo Mejia, Head of Investor Relations, noted that the bank expects loan growth slightly above the industry average of 4%, driven by consumer and mortgage loans. Commercial loan growth may be slower, with more activity expected from SMEs than large companies. Economic recovery and increased private investment could further boost growth. Q: How does Banco de Chile view the impact of inflation and interest rates on margins, and what are the expectations for 2026? A: Rodrigo Avena, Chief Economist, stated that the bank expects inflation to stabilize around 3.8% by the end of the year, with interest rates at approximately 4.25%. The bank is monitoring global economic conditions closely, as these factors significantly impact margins. The bank's US GAAP position helps manage inflation-related risks. Q: What are the main macroeconomic concerns for Banco de Chile in 2025, and how does the bank plan to address them? A: Rodrigo Avena highlighted global economic conditions, particularly trade policies and growth in China and the US, as primary concerns. Locally, the upcoming elections in November are a key event to monitor. The bank is prepared to implement countercyclical measures to mitigate potential negative impacts. Q: How does Banco de Chile plan to achieve its medium-term target of becoming the top bank in Chile? A: Pablo Mejia emphasized the bank's ambition to be the most profitable in Chile across economic cycles. The bank's robust capital base positions it well to navigate regulatory changes and capitalize on growth opportunities. The bank aims to maintain attractive ROE levels and continue delivering above-average performance. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Breakout Alert: Ether, Bitcoin Cash-Bitcoin Ratio Break Downtrends as DOGE, SHIB Bottom Out
This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Traders looking for tokens that may see accelerated gains as bitcoin (BTC) rallies might want to focus on ether (ETH) and the ratio between bitcoin cash (BCH) and bitcoin. Both have broken prolonged downtrends alongside bullish bottom formations in leading meme tokens DOGE and SHIB. Ether's price has surged more than 8% today, piercing the trendline (see the left-hand chart) that represents the downtrend from December highs above $4,100. In other words, demand has finally managed to overpower the supply zone defined by the trendline, confirming a bullish shift in the market trend. The three-line break chart (on the right) shows a similar breakout. The line break chartfocuses on price movements and changes in trend while ignoring time, helping traders filter out erratic price movements and noise. As a result, signals on the line break chart are considered more reliable and durable signals. The breakout shifts focus to resistance between $2,300 and $2,400, the support zone from October and November. The ratio between U.S. dollar prices for bitcoin cash and bitcoin has risen 11% this week, topping a trendline characterizing the brutal year-long bear market. The bullish development suggests BCH outperformance relative to bitcoin in the coming days. The market caps for DOGE and SHIB were up 7% and 5% at the time of writing, with their respective daily charts showcasing a "rounding bottom" pattern. A rounding bottom happens after a significant downtrend, as in DOGE and SHIB's cases. and signals a shift to a bullish market. It shows a change from lower highs to higher lows, indicating that buying interest is starting to increase. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
