Streetbeat News

BBDO

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

2.10

Mkt cap

23B

Volume

17K

High

2.21

P/E Ratio

9.73

52-wk high

3.21

Low

2.10

Div yield

0.10

52-wk low

1.95

Bank Bradesco Inc. (NYSE:BBDO) stock dropped 6.46% to $2.75 in the current session, but has seen increases of 17.48% over the past month and 18.44% over the past year. The company's P/E ratio is lower than the Banks industry average, which could indicate undervaluation or weaker growth prospects. Investors should use the P/E ratio cautiously and consider it alongside other financial metrics and industry trends.

Portfolio Pulse from Benzinga Insights

November 15, 2023 | 4:45 pm

Financial stocks are trading higher following the Federal Reserve's decision to maintain interest rates at their current levels.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 7:46 pm

Shares of banks and financial services stocks are trading lower due to overall economic uncertainty.

Portfolio Pulse from Benzinga Newsdesk

October 27, 2023 | 6:28 pm

Shares of banks and financial services stocks are trading lower due to overall market weakness. This comes as Treasury yields rose following a bill to avert a government shutdown.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2023 | 7:46 pm

The Federal Reserve has increased interest rates by 0.25 percentage points, leading to a mixed reaction in the stock market. Some stocks, including Meta Data Ltd., Snap, Inc., Alexandria Real Estate Equities, Inc., Bruker Corp., and Paramount Corp., saw gains, while others, such as Sirius XM Holdings Inc., Teledyne Technologies Inc., Cigna Group, Advanced Micro Devices, Inc., and Bank Bradesco SA, experienced losses. Major ETFs, including the SPDR Dow Jones Industrial Average ETF, the iShares Russell 2000 ETF, the SPDR Gold Trust, and the Invesco DB USD Index Bullish Fund ETF, also reacted to the news.

Portfolio Pulse from Piero Cingari

July 26, 2023 | 8:32 pm

Shares of companies in the broader financial sector are trading lower due to concerns over further rate hikes. This is causing overall market weakness.

Portfolio Pulse from Benzinga Newsdesk

July 06, 2023 | 4:09 pm

A golden cross has formed on Bank Bradesco's (NYSE:BBDO) chart, indicating a potential bullish trend for the stock. The golden cross occurs when the 50-day moving average crosses above the 200-day moving average, signaling a possible change in the long-term trend.

Portfolio Pulse from Benzinga Insights

June 21, 2023 | 2:48 pm

Banking and financial services stocks are trading higher due to renewed economic optimism after the US Senate passed a debt limit bill and strong US jobs data.

Portfolio Pulse from Benzinga Newsdesk

June 02, 2023 | 4:07 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.