Corpbanca Stock Gaps Up On Today's Open (BCA)

NEW YORK ( TheStreet) -- Shares of Corpbanca (NYSE: BCA) were gapping up Wednesday morning with an open price 10.3% higher than Tuesday's closing price. The stock closed at $23.55 Tuesday and opened today's trading at $25.98.

The average volume for Corpbanca has been 29,000 shares per day over the past 30 days. Corpbanca has a market cap of $3.6 billion and is part of the financial sector and banking industry. Shares are down 15.1% year to date as of the close of trading on Tuesday.

CORPBANCA, together with its subsidiaries, provides various commercial and retail banking services in Chile. It accepts checking accounts, savings accounts, bankers' drafts, and time deposits. The company has a P/E ratio of 14.3, above the average banking industry P/E ratio of nine and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Corpbanca as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Corpbanca Ratings Report.

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