BBD - Banco Bradesco S.A.
Pre-market:
| Previous close | 3.1300 |
| Open | 3.1200 |
| Bid | 0.0000 x 45100 |
| Ask | 0.0000 x 47300 |
| Day's range | 3.0600 - 3.1350 |
| 52-week range | 2.3400 - 4.1800 |
| Volume | |
| Avg. volume | 28,621,363 |
| Market cap | 32.728B |
| Beta (5Y monthly) | 0.60 |
| PE ratio (TTM) | 9.33 |
| EPS (TTM) | 0.3300 |
| Earnings date | N/A |
| Forward dividend & yield | 0.19 (5.96%) |
| Ex-dividend date | 02 Jun 2023 |
| 1y target est | 3.60 |
BloombergBradesco Wary of Granting Loans as Brazil Rates Remain at Six-Year High
(Bloomberg) -- Banco Bradesco SA is wary of granting loans as Brazil’s borrowing costs remain at the highest level in six years, with no easing cycle in sight. Most Read from BloombergJustice Thomas Ethics Review Questioned by US Court Leader in 2012Russia Says It Has Billions of Indian Rupees That It Can’t UseKing Charles Crowned in Spectacle Marking Turning Point for UKKimora Lee Says $93 Million US Wants From Tim Leissner Is HersBiden Not Ready Yet to Invoke 14th Amendment to Avoid US Default
ZacksAre Options Traders Betting on a Big Move in Banco Bradesco (BBD) Stock?
Investors need to pay close attention to Banco Bradesco (BBD) stock based on the movements in the options market lately.
ZacksImplied Volatility Surging for Banco Bradesco (BBD) Stock Options
Investors need to pay close attention to Banco Bradesco (BBD) stock based on the movements in the options market lately.
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Investors need to pay close attention to Vertex Energy (VTNR) stock based on the movements in the options market lately.
ReutersBradesco shares hit 2-year low after disappointing quarterly earnings
Shares in Brazil's Banco Bradesco SA fell to their lowest level in almost two years on Friday after the bank reported fourth-quarter net income equivalent to less than half that of analysts' estimates. Bradesco reported a 75% drop in net income and sharply increased its provisions for loan losses to around $3 billion. Bradesco's common shares were down almost 6% to 11.61 reais.
ReutersLarge Brazilian banks may set aside around $890 million for Americanas losses in Q4
Brazilian banks may start setting aside provisions for losses with retailer Americanas already in the fourth quarter of 2022, analysts say. Banks such as BTG Pactual, Bradesco,Santander Brasil, Itaú Unibanco Holding and Banco do Brasil have around 15 billion reais in loans with Americanas, according to analyst reports. Analysts estimate the banks may provision around 30% of their loans in the fourth quarter, which would be equivalent to 4.5 billion reais ($890 million), even with bankruptcy protection taking place in January, as a precautionary measure allowed by the Brazilian central bank.
ReutersBrazilian court orders seizure of emails of bankrupt retailer Americanas
A Brazilian court has ordered the seizure of all corporate emails of managers and board members from bankrupt retailer Americanas SA sent and received over the last 10 years, according to documents seen by Reuters. Judge Andrea Palma of federal court in Sao Paulo earlier this week agreed with a request from Americanas creditor Banco Bradesco SA asking for the seizure of the emails, citing its belief that "directors, board members, shareholders and auditors allowed a giant accounting fraud to happen."
ReutersBrazil's BTG gets court decision reversing part of Americanas' protection from creditors
Brazilian bank BTG Pactual obtained a court decision on Wednesday overturning part of Americanas SA's protection from creditors, according to court documents seen by Reuters, in a move the retailer says "harms its viability". The decision of appeal judge Flavio Horta Fernandes reversed a previous order that BTG Pactual return money it received from the company's accounts with the bank to pay for a credit line. BTG confirmed the decision in a securities filing, but did not give details.
ReutersBTG, Bradesco among most exposed to Brazilian retailer Americanas
Brazilian lenders BTG Pactual, Bradesco and Santander Brasil are among those most exposed to debt of Americanas SA, analysts' estimates showed on Monday, after the retailer obtained an injunction protecting it from creditors. Analysts at JPMorgan and Citi said in research notes that Banco Bradesco SA had the largest nominal exposure to the firm, while Banco BTG Pactual SA topped exposure as a proportion of loans.
ReutersBrazil's Bradesco quarterly profit dips, outlook on loan provisions worsens
Brazilian lender Banco Bradesco SA on Tuesday reported a 22.8% drop in third-quarter recurring net profit and raised its forecast for set-aside funds that may be needed to cover bad loans. Bradesco's recurring net profit totaled 5.22 billion reais ($1.01 billion), coming in below a Refinitiv consensus estimate of 6.76 billion reais. It now expects to hold provisions in the range of 25.5-27.5 billion reais, as high interest rates have caused a deterioration in asset quality.
Motley FoolWhy Shares of Banco Santander Brasil, Banco Bradesco, and Itau Unibanco Holding Are Rising Today
Shares of several Brazilian banks (and Brazilian stocks in general) rose today after results for the first round of the country's presidential election were reported. Shares of Banco Santander Brasil (NYSE: BSBR) were up roughly 9.2% as of 2:01 p.m. ET. Banco Bradesco (NYSE: BBD) climbed 10.2%, and Itau Unibanco Holding (NYSE: ITUB) traded nearly 10% higher as well.
ReutersBrazil's Bradesco buys Ictineo to create digital bank in Mexico
Brazilian lender Banco Bradesco SA said on Thursday its subsidiary Bradescard has agreed to acquire Mexico's Ictineo Plataforma SA in a bid to offer digital accounts in Latin America's second-largest economy. Bradesco said the acquisition will allow the bank to enter the banking retail area, offering digital accounts, payroll loans and investment accounts. The Brazilian bank has been in Mexico for 12 years through financing company Bradescard Mexico.
ReutersExclusive: UnitedHealth struggling to sell Brazilian unit Amil - sources
UnitedHealth Group Inc, the top U.S. healthcare company by market capitalization, is struggling to sell Brazilian unit Amil due to antitrust issues and growing losses from individual health plans, according to four people with knowledge of the matter. After studying ways to divest Amil 10 years after acquiring it, UnitedHealth decided last month to suspend the sale process, the sources said, asking for anonymity because the discussions were private. UnitedHealth had agreed to pay acquirers for Amil's loss-making units and lose money on the sale of the whole company, but did not receive an attractive proposal, the sources added.
ZacksLYG or BBD: Which Is the Better Value Stock Right Now?
LYG vs. BBD: Which Stock Is the Better Value Option?
ZacksBanco Bradesco (BBD) Upgraded to Buy: What Does It Mean for the Stock?
Banco Bradesco (BBD) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
ZacksIs Banco Bradesco (BBD) Stock Outpacing Its Finance Peers This Year?
Here is how Banco Bradesco (BBD) and Capital City Bank (CCBG) have performed compared to their sector so far this year.