Banco De Chile: New Government And Better Economic Outlook Make Me Bullish
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Ian BezekInvesting Group LeaderFollow5ShareSavePlay(11min)CommentsSummaryBanco de Chile remains attractive as Chile shifts to a pro-business government under President-elect Kast.Chile's GDP and domestic demand are accelerating, copper prices are surging, and the bank stands to benefit from renewed economic confidence and regulatory reforms.While the stock has already rallied in 2025, I believe the momentum can continue into next year. Stephen Jowett/iStock via Getty Images In December 2024, I wrote that I was bullish on Chile ahead of its upcoming presidential election. My general argument was that Chile was likely to move from its current socialist government, headed by President Gabriel Boric, toward a more pro-business direction. HereThis article was written byIan Bezek23.31K FollowersFollowIan Bezek is a former hedge fund analyst at Kerrisdale Capital. He has spent the decade living in Latin America, doing the boots-on-the ground research for investors interested in markets such as Mexico, Colombia, and Chile. He also specializes in high-quality compounders and growth stocks at reasonable prices in the US and other developed markets. Ian leads the investing group Ian's Insider Corner. Features of the group include: the Weekend Digest which covers everything from new ideas to updates on current holdings and macro analysis, trade alerts, an active chat room, and direct access to Ian. Learn More.Analyst’s Disclosure:I/we have a beneficial long position in the shares of BCH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.