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Banco Santander-Chile (BSAC) Catches Eye: Stock Jumps 10.3%

Zacks Equity Research
Updated

Banco Santander-Chile BSAC was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $26.65–$29.26 in the past one-month time frame, witnessed a sharp increase yesterday.

The company has seen one positive estimate revision in the past two months versus no negative revision. Its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for the company. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.

Banco Santander-Chile currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Banco Santander Chile Price and Consensus

Banco Santander Chile Price and Consensus | Banco Santander Chile Quote

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Another stock worth considering in the  Banks - Foreign industry is Shinhan Financial Group Co Ltd SHG which also carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is BSAC going up? Or down? Predict to see what others think: Up or Down

Zacks Editor-in-Chief Goes "All In" on This Stock

Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.

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Shinhan Financial Group Co Ltd (SHG) : Free Stock Analysis Report
 
Banco Santander Chile (BSAC) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.