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BPI seen to top prepandemic earnings this year

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Ayala-led Bank of the Philippine Islands may deliver P33.575 billion in net profit this year, exceeding prepandemic earnings. | Philbizwatcher

A Feb. 7 research note written by First Metro Sec. analysts Estella Dhel Villamiel and Derrick Guarin projected a 44-percent profit growth for BPI this year compared with the P23.31-billion earnings delivered in 2021. This is more upbeat than the market consensus forecast of P31.

46-billion net income for this year, based on Bloomberg data.The earnings forecast for 2022 is also higher than the P28.8 -billion earnings posted by BPI in 2019, or the last year before the COVID-19 pandemic triggered hard lockdowns that disrupted businesses across the globe.FEATURED STORIES

 

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