Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
ColombiaIPO:
26 July 1995Website:
http://www.grupobancolombia.comNext earnings report:
08 August 2024Last dividends:
27 June 2024Next dividends:
N/APrice
after hours | Mon, 01 Jul 2024 22:00:02 GMTAnalysts recommendations
Institutional Ownership
CIB Latest News
Bancolombia (CIB) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
TRTX, PMT, and CIB were included in the Zacks Rank #1 (Strong Buy) income stocks list on May 13, 2024.
CIB, MPLX, and STEP were included in the Zacks Rank #1 (Strong Buy) income stocks list on April 15, 2024.
ZURVY and CIB made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 3, 2023.
VVI, CIB and PFSI made it to the Zacks Rank #1 (Strong Buy) value stocks list on April 3, 2023.
Bancolombia (CIB) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
CIB, KMTUY and GNTY made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 19, 2024.
When you hear the term “growth stocks,” you probably think of high-growth yet unprofitable companies diluting shareholders through secondary offerings just to fund more losses. But that doesn't always have to be the case.
Bancolombia faces headwinds in loans and deposits due to Colombia's economic slowdown, high inflation, and regulatory uncertainties. The bank's loan portfolio extends across Colombia, Panama, Guatemala, and El Salvador, providing crucial geographical and revenue diversification. CIB shows resilience with recovery trends, strong liquidity, and a positive net income margin.
Dividend stocks often get a bad rap as being boring, stodgy companies that offer stability but little in the way of market-beating returns. It's true.
What type of business is Bancolombia SA?
Bancolombia S.A. provides banking products and services in Colombia, Panama, Puerto Rico, El Salvador, Costa Rica, and Guatemala. The company operates through nine segments: Banking Colombia, Banking Panama, Banking El Salvador, Banking Guatemala, Trust, Investment Banking, Brokerage, International Banking, and All Other. It offers checking and savings accounts, fixed term deposits, and investment products; trade financing, loans funded by domestic development banks, working capital loans, credit cards, personal and vehicle loans, payroll loans, and overdrafts; financial support to real estate developers and mortgages for individuals and companies; factoring; and financial and operating leasing services. The company also provides hedging instruments, including futures, forwards, options, and swaps; and brokerage, investment advisory, and private banking services, including selling and distributing equities, futures, foreign currencies, fixed income securities, mutual funds, and structured products. In addition, it offers cash management services; foreign currency transaction services; life, auto, commercial, and homeowner's insurance products; and online and computer banking services. Further, the company provides project and acquisition finance, debt and equity capital markets, principal investments, M&A, hedging strategies, restructurings, and structured financing; money market accounts, mutual and pension funds, private equity funds, payment and corporate trust, and custody; internet-based trading platform; inter-bank lending and repurchase agreements; managing escrow accounts, and investment and real estate funds; and transportation, securities brokerage, maintenance and remodeling, and outsourcing services. As of December 31, 2021, it operated 1,015 branches; 28,676 banking correspondents; 529 PAMs; 210 kiosks in El Salvador and 187 in Colombia; and 6,094 ATMs. Bancolombia S.A. was incorporated in 1945 and is headquartered in Medellín, Colombia.
What sector is Bancolombia SA in?
Bancolombia SA is in the Financial Services sector
What industry is Bancolombia SA in?
Bancolombia SA is in the Banks - Regional industry
What country is Bancolombia SA from?
Bancolombia SA is headquartered in Colombia
When did Bancolombia SA go public?
Bancolombia SA initial public offering (IPO) was on 26 July 1995
What is Bancolombia SA website?
https://www.grupobancolombia.com
Is Bancolombia SA in the S&P 500?
No, Bancolombia SA is not included in the S&P 500 index
Is Bancolombia SA in the NASDAQ 100?
No, Bancolombia SA is not included in the NASDAQ 100 index
Is Bancolombia SA in the Dow Jones?
No, Bancolombia SA is not included in the Dow Jones index
When does Bancolombia SA report earnings?
The next expected earnings date for Bancolombia SA is 08 August 2024