Credicorp Ltd. (NYSE: BAP) enters August 2025 with strong profitability, rising revenues, and a share price testing record territory. Trailing-twelve-month revenue stands at 18.75B with a 30.76% profit margin and 53.26% operating margin, while ROE of 16.64% underscores solid capital efficiency. Shares have rallied 51.56% over the past year and recently approached the 52-week high of 250.41, supported by improving momentum above the 200-day moving average. Cash (39.42B) exceeds total debt (26.73B), and a forward annual dividend yield of 4.42% complements a roughly half-earnings payout ratio. Near term, investors await the company’s declared 2Q25 quiet period, with quarterly revenue growth of 13.10% and earnings growth of 17.60% yoy providing a constructive backdrop. Over the next three years, valuation discipline, dividend sustainability, and execution on growth will be central to BAP’s risk–reward.

Itaú Unibanco (ITUB) enters August 2025 near its 52‑week high after a strong recovery from late‑2024 lows. The ADR last closed around $6.86, sitting above its 50‑ and 200‑day moving averages, with a 52‑week change of roughly 20% and a low 5‑year beta. Fundamentals remain solid: trailing‑twelve‑month revenue of 134.78B and net income of 42.84B support a 31.79% profit margin and 20.81% ROE, even as quarterly revenue growth is -8.90% while quarterly earnings growth is 10.60%. Liquidity is ample for a large bank, with 415.27B in cash versus 1.01T in total debt. The forward dividend yield stands at 0.54%, with an ex‑dividend date on August 20, 2025. Recent coverage calls Itaú a “premium compounder,” while fund flows look mixed, with some managers adding and others trimming. This note outlines a three‑year outlook focused on earnings resilience, asset quality, and valuation discipline.

Over the past six months, GMBXF has rebounded from late‑March softness to trade near its 52‑week high. The company’s latest figures show revenue (ttm) of 16.41B with a 23.70% profit margin and 46.77% operating margin. Liquidity appears robust with 7.28B in cash against 10.14B of total debt and a current ratio of 6.49. The dividend profile tilts shareholder‑friendly: a forward annual rate of 0.25 (3.74% yield) and a 47.99% payout ratio. While quarterly revenue growth is negative (‑3.70% yoy), quarterly earnings growth of 10.00% yoy highlights cost discipline. The stock is up 19.14% over 52 weeks, last closing at 6.66 on Aug 8, 2025, above its 50‑day (5.98) and 200‑day (5.33) moving averages. With 7.78B shares outstanding and high insider ownership (63.77%), float is more limited (3.13B) and OTC volume modest. This note outlines a neutral, risk‑aware three‑year outlook.

Wal‑Mart de México S.A.B. de C. (WMMVY) enters August 2025 with defensible fundamentals but a mixed tape. Trailing 12‑month revenue is 991.14B with a 7.01% operating margin and 5.21% profit margin, supported by 25.14% ROE and 10.19% ROA. Top line grew 8.30% year over year in the latest quarter, while earnings growth slipped −10.30%, reflecting cost and mix pressures. Shares closed the latest week at 30.33, down 6.27% over 52 weeks, between a 24.30–35.78 band; beta is a low 0.22. The company maintains dividend discipline (forward yield 1.91%, trailing 4.23%; ~40% payout) against a balance sheet with 36.21% debt‑to‑equity and a 0.94 current ratio. With cash of 32.44B vs 78.78B debt and 68.07B operating cash flow, investors will watch execution into the next earnings update.