Grupo Aval's net income growth is driven by a lower-risk environment due to lower provisions that affected the company in 2023. Fiscal imbalances in LATAM could weigh on AVAL's stock price, but fundamental improvements present near-term opportunities. Despite historical stock declines and trading below book value, Aval shows strong financial recovery and cyclical opportunities, making it a buy.
Grupo Aval Acciones y Valores SA (NYSE:AVAL ) Q3 2024 Earnings Conference Call November 14, 2024 9:00 AM ET Company Participants Maria Gutierrez Botero - CEO Paula Duran - Corporate VP of Sustainability and Strategic Projects Camilo Perez - Banco de Bogota's Chief Economist Diego Solano - CFO Conference Call Participants Brian Flores - Citi Daniel Mora - Credicorp Capital Marlon Medina - J.P. Morgan Julian Ausique - Davivienda Operator Welcome to Grupo Aval's Third Quarter 2024 Consolidated Results Conference Call.
Colombian financial conglomerate Grupo Aval reported on Wednesday a more than six-fold increase in its third-quarter net profit, climbing to 415.7 billion Colombian pesos ($94.18 million).
Colombian financial conglomerate Grupo Aval posted a year-over-year rise in net profit in the fourth quarter, a securities filing showed on Tuesday, as their investment portfolio experienced positive returns in line with positive financial markets performance.
Grupo Aval Acciones y Valores S.A. (AVAL) Q3 2023 Earnings Call Transcript
Colombian financial conglomerate Grupo Aval reported a 75.4% year-over-year fall in net profit in the second quarter, according to a securities filing on Wednesday, despite a strong boost in interest income.
Colombian conglomerate Grupo Aval and its bank subsidiary will pay over $80 million to settle charges of violating anti-corruption laws, U.S. authorities said on Thursday.