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Bancolombia Sa  (NYSE: CIB)
Other Ticker:  
 
    Sector  Financial    Industry Money Center Banks
   Industry Money Center Banks
   Sector  Financial
 
Price: $33.3200 $0.44 1.338%
Day's High: $33.7 Week Perf: 1.09 %
Day's Low: $ 32.60 30 Day Perf: 3.41 %
Volume (M): 296 52 Wk High: $ 37.85
Volume (M$): $ 9,862 52 Wk Avg: $32.82
Open: $33.00 52 Wk Low: $28.78



 Market Capitalization (Millions $) 31,747
 Shares Outstanding (Millions) 953
 Employees 327
 Revenues (TTM) (Millions $) 2,685
 Net Income (TTM) (Millions $) 1,584
 Cash Flow (TTM) (Millions $) 8,067
 Capital Exp. (TTM) (Millions $) 615

Bancolombia Sa
Bancolombia S.A. is a bank headquartered in Medell'n, Colombia. It was founded in 1945 and is currently one of the largest banks in Colombia, with operations in seven countries across Latin America. The bank provides a broad range of financial products and services to individuals, businesses, and government entities.

Bancolombia has a strong presence in Colombia with an extensive network of branches, ATMs, and digital channels that enable customers to access banking services 24/ It offers personal banking services such as savings and checking accounts, credit cards, loans, investment products, insurance, and money transfer services. Likewise, it provides commercial and corporate banking services including treasury services, international trade finance, investment banking, cash management, and merchant acquiring.

In addition to its traditional banking services, Bancolombia has also embraced digital transformation in recent years. It has launched several innovative digital channels, such as its mobile app, online banking platform, and chatbots that provide customers with easy access to services without having to visit a physical branch.

The bank prides itself on its corporate social responsibility and sustainable business practices. Bancolombia has a foundation known as the Bancolombia Foundation, which supports projects that help improve the economic, social, and cultural well-being of local communities. The bank has also been recognized for its efforts to reduce its environmental impact through initiatives such as carbon footprint reduction, energy and water efficiency, and waste management.

Overall, Bancolombia has a solid reputation as a reliable and innovative bank that is committed to serving its customers and contributing to the development of its communities.


   Company Address: Carrera 48 # 26-85 Medellín 0
   Company Phone Number: 4885950   Stock Exchange / Ticker: NYSE CIB


   

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Bancolombia Sa

Money Center Banks Company Maintains Strong Revenue Stream in Fourth Quarter of 2023 Effort

The stock market has seen its fair share of ups and downs over the years, but the recent financial results of Bancolombia Sa indicate some promising developments that investors should take note of. Despite a slight decrease in income, the company has managed to maintain a strong revenue stream, which is certainly good news for shareholders.
In the financial span ending December 31, 2023, CIB's income experienced a decrease of -9.74% to $1.64 per share compared to $1.81 a year before. However, it is important to note that this figure is a significant improvement from the previous financial reporting period, where the income was at $0.00 per share. It's clear that the company has implemented strategies to bolster its earnings, and the efforts are paying off.







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