Credicorp Ltd. (NYSE:BAP) is one of the top cheap growth stocks to get rich. BofA lifted the price target on Credicorp Ltd. (NYSE:BAP) to $408 from $361 on June 15 and maintained a Buy rating on the shares. The firm stated that it is rolling over its valuation basis to 2027 and is remaining bullish on Peru banks.

In its financial results for fiscal Q1 2026, Credicorp Ltd. (NYSE:BAP) reported record high net income, which reached S/2,063 million, up 16.1% year-over-year and 30.0% quarter-over-quarter, attributed to solid results across all lines of business. ROE reached a record 21.1%, driven by broad-based business strength and favorable operating momentum. The company's loan book rose 8.2% year-over-year, led by BCP and Mibanco, while asset quality improved with the NPL ratio at 4.3% and the Cost of Risk at 1.3%. Total loans measured in quarter-end balances rose 8.2% year-over-year, and 1.9% quarter-over-quarter, while total deposits expanded 13.3% year-over-year and 4.8% quarter-over-quarter.

Credicorp Ltd. (NYSE:BAP) is a holding company that provides financial services. The company conducts its operations through the following segments: Universal Banking, Microfinance, Insurance and Pensions, and Investment Banking and Wealth Management.

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