UPDATE 1-Banco Bradesco meets Q3 forecasts helped by insurance, consumer lending [Reuters]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
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Source: Reuters
UPDATE 1-Banco Bradesco meets Q3 forecasts helped by insurance, consumer lending - Reuters 2 Min Read (Adds loan book, profitability, fees) By Carolina Mandl SAO PAULO, Oct 31 (Reuters) - Brazil’s second largest private-sector lender Banco Bradesco SA on Thursday posted a third-quarter recurring net income in line with expectations, helped by strong insurance results and consumer lending. Bradesco’s recurring profit came in at 6.542 billion reais ($1.64 billion) in the third quarter, up 19.6% from a year earlier and roughly in line with a Refinitiv analysts’ estimate of 6.417 billion reais. The bank’s insurance unit posted a result 7.5% higher from a year earlier, boosted by retirement plans. Bradesco’s loan book grew by 3.2% in the quarter, mainly driven by consumer lending and small companies, while loans in arrears over 90 days rose to 3.6%, up 0.4 percentage point. The bank said the rise was caused by some problems with corporate loans. Loan loss provisions also rose 4% from the s
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- Banco Bradesco (NYSE:BBDO) had its "buy (b-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Banco Bradesco (NYSE:BBDO) was upgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "hold (c+)" rating to a "buy (b-)" rating.MarketBeat
- Options Volume in Banco Bradesco Soars, Fueling Breakout Buzz for Brazilian Bank [Yahoo! Finance]Yahoo! Finance
- Banco Bradesco (NYSE:BBDO) had its "hold (c+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Looking at the Narrative for Bradesco as Analyst Sentiment and Valuation Shift [Yahoo! Finance]Yahoo! Finance