Streetbeat News

BBD

Banco Bradesco S.A.

https://banco.bradesco

Industry

Banks - Regional

Banco Bradesco S.A., together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segment, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; debit and business cards; financial and security services; consortium products; auto, personal accident, dental, travel, and life insurance; investment products; pension products; real estate and vehicle auctions; cash management, and foreign trade and exchange services; capitalization bonds; and internet banking services. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil.

Open

2.36

Mkt cap

24B

Volume

30M

High

2.40

P/E Ratio

10.39

52-wk high

3.65

Low

2.36

Div yield

0.00

52-wk low

2.16

Goldman Sachs has reaffirmed its Sell rating on Bank Bradesco (NYSE:BBD), reducing the price target from $3.20 to $2.80. Despite this, Bank Bradesco's shares remained stable over the last 24 hours at $2.83. The new price target suggests a slight potential decline of 1.06% from the current price. Bank Bradesco, Brazil's second-largest private bank and leading insurance provider, acquired HSBC's Brazilian operations in 2016.

Portfolio Pulse from Benzinga Insights

February 08, 2024 | 5:00 pm

Goldman Sachs analyst Tito Labarta maintains a Sell rating on Bank Bradesco (NYSE:BBD) and lowers the price target from $3.2 to $2.8.

Portfolio Pulse from Benzinga Newsdesk

February 08, 2024 | 3:34 pm

Banco Bradesco's stock (BBD) is trading lower following a downgrade from Neutral to Sell by Goldman Sachs, which also set a price target of $3.2.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 3:37 pm

Goldman Sachs analyst Tito Labarta downgraded Bank Bradesco (NYSE:BBD) from Neutral to Sell and set a price target of $3.2.

Portfolio Pulse from Benzinga Newsdesk

January 09, 2024 | 12:36 pm

Bank Bradesco Inc. (NYSE:BBD) stock has risen by 2.37% over the past month and 25.10% over the past year, currently trading at $3.45. The stock's P/E ratio of 14.22 is higher than the Banks industry average of 13.82, which could suggest that investors expect better future performance or that the stock is overvalued. Investors are advised to consider the P/E ratio alongside other financial metrics and qualitative analysis for investment decisions.

Portfolio Pulse from Benzinga Insights

January 05, 2024 | 6:30 pm

Bank stocks are experiencing an uptick following the Federal Reserve's decision to maintain current interest rates, with projections indicating potential rate cuts between 2024 and 2026. This news has contributed to overall market optimism, positively impacting the financial sector.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 8:12 pm

Bank Bradesco Inc. (NYSE:BBD) stock has seen a 0.64% increase in the current session, trading at $3.14, with a 10.21% increase over the past month and a 9.83% increase over the past year. The company's P/E ratio of 12.98 is slightly lower than the industry average of 13.12, which could indicate that the stock is undervalued or that shareholders have lower growth expectations.

Portfolio Pulse from Benzinga Insights

November 16, 2023 | 6:45 pm

Financial stocks, including a broad range of banks and financial services companies, experienced a rise in share prices following the release of October CPI data indicating inflation was softer than expected. This positive reaction reflects overall market strength and optimism that lower inflation could reduce pressure on the Federal Reserve to maintain an aggressive rate hike policy.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:30 pm

Banking and financial services stocks are trading higher due to overall market strength. This is attributed to a drop in Treasury yields and the Fed's recent rate decision.

Portfolio Pulse from Benzinga Newsdesk

November 03, 2023 | 7:20 pm

Jefferies analyst Inigo Vega has initiated coverage on Bank Bradesco (NYSE:BBD) with a Buy rating and a price target of $3.5.

Portfolio Pulse from Benzinga Newsdesk

October 16, 2023 | 11:43 am

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