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Bancolombia: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

MEDELLIN, Colombia (AP) — MEDELLIN, Colombia (AP) — Bancolombia SA (CIB) on Thursday reported second-quarter net income of $367.1 million.

The bank, based in Medellin, Colombia, said it had earnings of $1.44 per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.43 per share.

The financial holding company posted revenue of $2.73 billion in the period. Its revenue net of interest expense was $1.77 billion, which missed Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CIB at https://www.zacks.com/ap/CIB