Foreign Trade Bank of Latin America Inc

BLX remains in a constructive Stage 2 advancing uptrend, with price sustaining above the rising 50-DMA and short EMAs flattened then turned up. The recent pullback into the confluence of the 21-EMA and 50-DMA held with support, and an ensuing bounce alongside neutral RSI suggests momentum repair. Execution aligns with the medium-term bullish regime at this structural support zone.

• ↑Record net income $64M (+28% YoY) and Q1 $56.4M (+9% YoY) show robust earnings growth.
• ↑Commercial portfolio at $12B (+13% YoY, +8% QoQ) underscores healthy loan expansion.
• ↓NIM under pressure from heightened competition reduces margins.