5-Year Performance: Top Chilean vs. U.S. Bank Stocks

The chart below shows the 5-year performance comparison of top three Chilean banks and the four largest banks in the U.S:

Click to enlarge

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Banco Santander Chile (SAN) and Banco de Chile(BCH) are the first and second largest Chilean banks based on assets. And CorpBanca(BCA) is one of the top 10 banks by assets.

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In the past 5 years, the S&P 500 has been flat at 0.83%. Among the four largest U.S. banks only JPMorgan Chase(JPM) has been a decent performer.This week the Federal Reserve rejected Bank of America’s proposal to increase its dividend payments.. JPMorgan Chase has announced plans to buy back stock worth $15 billion and raise its dividend in the second quarter to 25 cents a share up from 5 cents now. Wells Fargo(WFC) has increased the quarterly dividend rate to $0.12 a share and announced the repurchase of its common stock by an additional 200 million shares. Citigroup (C) plans to reinstate a one-cent dividend and implement a reverse stock split in the ratio of 1 for 10 after the market close on May 6. Citi’s total outstanding shares stands at a massive 29 billion and in the last 50 days an average of 509 million shares were traded on the NYSE. As a result of the reverse split, the daily trading volume on the NYSE is projected to fall by an incredible 11% according to a Reuters report.

Disclosure: Long BCH

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