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Chilean (IPSA) Banks Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies6
  • 7D2.3%
  • 3M22.1%
  • 1Y70.5%
  • YTD11.9%

Over the last 7 days, the Banks industry has risen 2.3%, driven by gains from Banco de Chile of 5.4%. This takes the industry's 12 month performance to a gain of 71%. Looking forward, earnings are forecast to grow by 6.9% annually.

Industry Valuation and Performance

Has the Chilean Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026CL$57.8tCL$10.3tCL$4.1t13.5x14.2x5.6x
Sun, 28 Dec 2025CL$51.5tCL$10.4tCL$4.1t12.4x12.5x4.9x
Tue, 25 Nov 2025CL$49.0tCL$10.4tCL$4.1t12x11.9x4.7x
Thu, 23 Oct 2025CL$47.2tCL$10.9tCL$4.2t11.7x11.2x4.3x
Sat, 20 Sep 2025CL$43.1tCL$10.7tCL$4.2t10.9x10.4x4x
Mon, 18 Aug 2025CL$41.4tCL$10.7tCL$4.2t9.6x9.9x3.9x
Wed, 16 Jul 2025CL$40.3tCL$10.7tCL$4.2t9.1x9.6x3.8x
Fri, 13 Jun 2025CL$41.6tCL$10.5tCL$4.1t9.6x10.2x4x
Sun, 11 May 2025CL$40.9tCL$10.6tCL$4.1t9.6x9.9x3.9x
Tue, 08 Apr 2025CL$36.2tCL$9.9tCL$3.7t9.8x9.7x3.7x
Thu, 06 Mar 2025CL$35.4tCL$9.9tCL$3.8t9.1x9.4x3.6x
Sat, 01 Feb 2025CL$35.2tCL$10.4tCL$3.9t8.1x9x3.4x
Mon, 30 Dec 2024CL$33.0tCL$10.4tCL$4.0t7.5x8.2x3.2x
Wed, 27 Nov 2024CL$32.6tCL$10.4tCL$4.0t6.3x8.1x3.1x
Fri, 25 Oct 2024CL$33.8tCL$10.5tCL$4.0t6.8x8.5x3.2x
Sun, 22 Sep 2024CL$32.8tCL$10.2tCL$3.7t6.7x8.8x3.2x
Tue, 20 Aug 2024CL$33.1tCL$10.2tCL$3.7t6.7x8.8x3.3x
Thu, 18 Jul 2024CL$32.6tCL$10.3tCL$3.8t6.3x8.6x3.2x
Sat, 15 Jun 2024CL$32.0tCL$10.1tCL$3.8t7.7x8.5x3.2x
Mon, 13 May 2024CL$32.2tCL$10.1tCL$3.8t7.7x8.5x3.2x
Wed, 10 Apr 2024CL$33.4tCL$9.4tCL$3.5t8.8x9.5x3.5x
Fri, 08 Mar 2024CL$33.1tCL$9.4tCL$3.5t8.6x9.4x3.5x
Sun, 04 Feb 2024CL$30.9tCL$8.7tCL$3.3t7x9.2x3.5x
Tue, 02 Jan 2024CL$29.9tCL$8.6tCL$3.3t6.6x9x3.5x
Thu, 30 Nov 2023CL$28.8tCL$8.6tCL$3.3t6.5x8.7x3.3x
Sat, 28 Oct 2023CL$27.4tCL$9.0tCL$3.5t6.1x7.8x3x
Mon, 25 Sep 2023CL$27.7tCL$9.1tCL$3.6t5.9x7.6x3.1x
Wed, 23 Aug 2023CL$28.6tCL$9.2tCL$3.6t6.4x7.8x3.1x
Fri, 21 Jul 2023CL$28.3tCL$9.3tCL$3.8t6.5x7.5x3x
Sun, 18 Jun 2023CL$26.2tCL$9.5tCL$3.9t5.7x6.7x2.8x
Tue, 16 May 2023CL$26.7tCL$9.5tCL$3.9t5.4x6.8x2.8x
Thu, 13 Apr 2023CL$25.0tCL$9.6tCL$4.1t5.1x6.1x2.6x
Sat, 11 Mar 2023CL$26.6tCL$9.7tCL$4.1t5.4x6.5x2.8x
Mon, 06 Feb 2023CL$25.7tCL$9.8tCL$4.3t6.1x6x2.6x
Price to Earnings Ratio

6x


Total Market Cap: CL$25.7tTotal Earnings: CL$4.3tTotal Revenue: CL$9.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Chilean Banks Industry Price to Earnings3Y Average 8.9x202420252026
Current Industry PE
  • Investors are optimistic on the Chilean Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.2x which is higher than its 3-year average PE of 8.9x.
  • The 3-year average PS ratio of 3.4x is lower than the industry's current PS ratio of 5.6x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Banks industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Chilean Financials industry?

CL Market0.58%
Financials2.51%
Banks2.33%
Diversified Banks2.33%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 8.9x.
    • Analysts are expecting annual earnings growth of 6.9%, which is higher than its past year's earnings growth of 6.1% per year.
  • Investors are most pessimistic about the Diversified Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.9x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 6.9% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Diversified Banks industry is expected to see its earnings grow by 6.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
CHILE Banco de ChileCL$197.005.4%
+CL$1.0t		61.7%PB3.4x
BSANTANDER Banco Santander-ChileCL$79.131.5%
+CL$220.5b		58.3%PB3.2x
ITAUCL Banco Itaú ChileCL$24.10k3.0%
+CL$151.2b		121.6%PB1.2x

Latest News

CHILE
CL$197.00
Banco de Chile
7D
5.4%
1Y
61.7%
ITAUCL
CL$24,099.00
Banco Itaú Chile
7D
3.0%
1Y
121.6%
BCI
CL$64,989.00
Banco de Crédito e Inversiones
7D
-0.6%
1Y
120.3%

BCI: Florida Operations Update Will Support Steady Long Term Share Appeal

Analysts have kept their price target for Banco de Crédito e Inversiones steady at CLP 70,000.0, citing only small adjustments to discount rate, revenue growth, profit margin and future P/E assumptions, rather than any major shift in their view of the bank. What's in the News Banco de Crédito e Inversiones and its subsidiary City National Bank of Florida held an Analyst/Investor Day, giving the market an updated look at the business and management priorities (Key Developments).
BSANTANDER
CL$79.13
Banco Santander-Chile
7D
1.5%
1Y
58.3%

BSANTANDER: Future Returns Will Balance Neutral Stance And Inflation-Driven Margin Pressure

Narrative Update The analyst price target for Banco Santander Chile has been raised to US$71.30 from US$68.59, with analysts pointing to updated assumptions around revenue growth, profit margins, discount rate and future P/E, even as recent research highlights valuation concerns and potential pressure on net interest income from inflation. Analyst Commentary Recent Street research on Banco Santander-Chile reflects a split view, with some higher price targets pointing to potential upside and several downgrades flagging valuation and earnings risks.