|Bid||29.16 x 0|
|Ask||29.38 x 0|
|Day's Range||29.11 - 29.68|
|52 Week Range||19.73 - 35.89|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||10.45|
|Earnings Date||Apr 29, 2020|
|Forward Dividend & Yield||0.21 (0.70%)|
|Ex-Dividend Date||Mar 02, 2020|
|1y Target Est||N/A|
* Risk appetite rises on coronavirus treatment hopes * Brazil central bank delivers expected rate cut * Chilean peso firms as copper jumps to one-week high (New throughout, updates prices, market activity and comments) By Sruthi Shankar Feb 5 (Reuters) - Latin American currencies and stocks rose on Wednesday for a third session, as appetite grew for riskier assets on reports of progress on the battle against China's coronavirus, and as Brazil's central bank lowered its benchmark interest rate. A Chinese university team said it found a drug to treat people infected with the virus while UK researchers claimed a "significant breakthrough" in the search for a vaccine.
* Reports of coronavirus treatment buoy risk appetite * Brazil's central bank to deliver modest rate cut -poll * Chilean peso firms as copper jumps to one-week high * Argentina's Buenos Aires averts falling into default By Shreyashi Sanyal Feb 5 (Reuters) - Latin American assets rose for a third straight session on Wednesday, as investors took comfort from China's efforts to ease the impact of a deadly virus outbreak, while Brazil's real remained rangebound ahead of a central bank decision. Beijing's tight containment measures, along with the billions of dollars pumped into markets by Chinese authorities helped investors regain appetite for riskier assets in the emerging markets space.
Brazil's Economy Ministry has cleared private lender Banco Bradesco SA on a tax probe, as it could not prove that the bank tried to dodge a 3 billion real tax fine, the bank said in a securities filing.
Moody's Investors Service ("Moody's") has today assigned a Ba2 long-term foreign currency debt rating to the proposed senior unsecured notes to be issued by Banco Bradesco S.A. (Bradesco), through its Grand Cayman Branch. The Ba2 senior unsecured debt rating assigned to the notes to be issued by the Cayman Branch incorporates Bradesco's fundamental credit strength, as evidenced by the bank's ba2 baseline credit assessment (BCA). In September 2019, Bradesco reported consolidated net income of BRL17.7 billion for the first nine months of the year, a 26.4% increase compared to the same period one year prior.
Plenty of star fund managers eventually strike out on their own, and in that respect Rajiv Jain is no different. “I started with a clean sheet of paper,” says Jain, 52. GQG’s 12-person investment team includes former journalists, long/short managers, and credit analysts, who work from a shortlist of a few hundred names, globally, that they consider investible.
How do we determine whether Banco Bradesco SA (NYSE:BBD) makes for a good investment at the moment? We analyze the sentiment of a select group of the very best investors in the world, who spend immense amounts of time and resources studying companies. They may not always be right (no one is), but data shows […]
Shares in Brazil's biggest lenders were down nearly 1% in early Thursday trading after the country's monetary policy committee imposed a cap on interest rates on overdraft credit, in a move likely to reduce their profits. Banks will not be allowed to charge interest rates over 150% annually, or 8% monthly, the committee said, starting on Jan. 6. Currently the average annual interest rate is roughly 306%.
Brazil's second largest private sector lender Banco Bradesco SA will spin off its digital bank Next by March 2020, chief executive Octavio de Lazari told analysts on Wednesday. Digital banks in Brazil, such as Banco Inter SA, are rapidly gaining clients and being priced at higher valuations than traditional banks.
Banco Bradesco SA, Brazil's second-largest private sector lender, will shut roughly 300 branches in 2020, as part of a push to tackle operating expenses that ate into third-quarter earnings, its chief executive said on Thursday. Bradesco has been posting higher-than-expected costs since the beginning of the year, falling short of its own targets and disappointing investors.
Brazilian stocks surged Tuesday after the country's Senate approved major social security reforms. Trade Brazilian stocks using these ETFs.
Lázaro de Mello Brandão, the former chairman of Banco Bradesco SA died on Wednesday at 93, after decades of building the bank into Brazil's second-largest private-sector lender. Brandão had stepped down two years ago after a 75-year career at the bank. Brandão long kept a tight grip on the lender, serving as chief executive from 1981 to 1999 and chairman from 1990 to 2017.
Lázaro de Mello Brandão, the former chairman of Banco Bradesco SA died on Wednesday at 93, after decades of building the bank into Brazil's second-largest private-sector lender. Brandão had stepped down two years ago after a 75-year career at the bank. The bank confirmed in a statement that he had passed away at a hospital in Sao Paulo.
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Brazil's second largest private lender Banco Bradesco SA is proposing an 8 billion reais ($1.95 billion) extraordinary dividend payment, it said in a securities filing on Monday. Bradesco's proposal comes as the bank has retained more capital than required by banking regulators. If approved by Bradesco's board of directors on Oct. 17, the dividend will be paid on Oct. 23.
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Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Cielo S.A. New York, October 01, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Cielo S.A. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Backed by investors such as China's Fosun International Ltd and private equity firms General Atlantic LLC, Advent International and Warburg Pincus LLC, the newcomers have already lured more than 10% of the 2.98 trillion reais ($736 billion) invested by Brazilians in local mutual funds, stocks and bonds.