|Bid||35.46 x 0|
|Ask||35.67 x 0|
|Day's Range||35.00 - 35.88|
|52 Week Range||20.58 - 38.75|
|Beta (3Y Monthly)||1.48|
|PE Ratio (TTM)||17.26|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||0.23 (0.64%)|
|1y Target Est||41.11|
Brazil's second largest listed bank Banco Bradesco SA on Thursday reported higher first-quarter profits and met analysts' estimates, as its loan book grew and loan-loss provisions fell. Bradesco's recurring ...
Brazil's second largest private lender Banco Bradesco SA hit first-quarter analysts' estimates for profit on Thursday, as its loan book grew and loan-loss provisions fell. Bradesco's recurring net income ...
Brazil's antitrust watchdog Cade is investigating four banks in the country for allegedly creating competition hurdles to digital banking newcomer Nubank, the watchdog said in a statement on Monday. Cade said Banco do Brasil SA, Caixa Economica Federal, Banco Santander Brasil SA and Banco Bradesco SA were denying requests to schedule automatic payments from Nubank clients that also were account holders at those banks. It said the banks would be given a chance to defend themselves and then the case would be sent to the Cade's Administrative Court, which would give a final ruling.
State-run oil company Petroleo Brasileiro SA has hired nine banks to manage an offering of shares in its fuel distribution unit Petrobras Distribuidora SA, three sources with knowledge of the matter said. The offering will be led by the investment banking units of JPMorgan Chase & Co and Citigroup Inc, along with the investment banks owned by Itau Unibanco Holding SA , Banco Bradesco SA, Bank of America Corp , Credit Suisse Group AG, Banco do Brasil SA , Banco Santander Brasil SA and HSBC Holdings Plc.
Banco Bradesco SA, Brazil's second-largest private lender, is optimistic about the chance of approval of the country's pension reform plan, executives said on Tuesday. Bradesco expects the reform to be approved by the lower house of Congress by July, director Bruno Boetger said at a conference in Sao Paulo. Bradesco predicts the eventual approval of the proposal will unleash an inflow of foreign investments of up to $150 billion, Boetger said.
Brazil's real led the decline among Latin American currencies on Tuesday, pressured by a strong dollar, while regional stocks fell as Wall Street paused after a three-day surge. The real lost 0.4 percent, ...
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German online banking startup N26 will open a subsidiary in Brazil next week, marking its first move to enter Latin America, the company's head for Brazil said on Wednesday. Eduardo Prota said N26, which raised $300 million in January in a new funding round that valued it at $2.7 billion, also seeks to form a partnership with a local bank to offer a suite of mobile banking services. N26 has yet to decide whether to operate in Brazil as a bank, and has not applied for a Brazilian banking license, Prota added.
Brazil's real fell 0.2 percent, declining for the seventh consecutive session. Much anticipated pension reforms in Brazil have been on hold as Brazilian President Jair Bolsonaro recovers from a surgery. You Na Park, analyst at Commerzbank said risks for the real remain elevated.
Chile's peso rose 0.4 percent and led gains among regional currencies, while the Colombian peso tracked oil prices higher. Christian Lawrence, a senior market strategist at Rabobank, attributed the day's currency moves to a bit of squaring up of positions heading into the weekend. Brazil's real was down slightly after gaining earlier in the session, while the Mexican peso was up 0.2 percent, extending gains from the previous session when it rose after the country's central bank held the benchmark borrowing rate steady.
Shareholders in Brazil's reinsurer IRB Brasil Resseguros SA is preparing a secondary share offering involving at least 9 percent of its capital within weeks, three sources with knowledge of the matter said on Wednesday. State-run bank Caixa Economica Federal is expected to sell an 8.9 percent stake in IRB, worth around 2.4 billion reais ($648.4 million), owned by a Brazil's government fund responsible for financing student loans. State-controlled lender Banco do Brasil SA , for instance, is also considering the sale of some shares, but has not decided yet if it will join Caixa in this offering.
Brazil's largest private lender Itaú Unibanco Holding SA set weaker-than-expected targets for 2019 on Tuesday, sending preferred shares down 2.9 percent in early trading, even as profitability was expected to improve. Itaú forecast loan book growth of 8 to 11 percent in 2019, better than 6.1 percent expansion last year, but lower compared with competitors' goals, according to analysts. Last week, Banco Bradesco SA said its loan book will grow up to 13 percent in 2019.
Banco Bradesco SA on Thursday posted forecast-beating quarterly earnings and set more aggressive targets for 2019, including eyeing upcoming government asset sales, sending the Brazilian lender's shares to a record high. Brazil's second-largest privately owned bank reported a 19.9 percent rise in fourth-quarter profit over a year earlier and beat analysts' average estimate on lower loan-loss provisions. Recurring net income at Banco Bradesco came in at 5.830 billion reais ($1.58 billion) in the fourth quarter, above the average Refinitiv estimate of 5.526 billion reais.
* Bovespa crosses the 98,000 mark * Chilean peso on track to post best month since Jan 2012 * Brazil's real at three-month high By Agamoni Ghosh Jan 31 (Reuters) - Latin American currencies lit up on Thursday as the dollar weakened after the U.S. Federal Reserve left borrowing costs unchanged and signaled a dovish tone for future hikes, while Brazil stocks set another record high, continuing their bull run this year. The Fed signaled its three-year-drive to tighten monetary policy may be at an end amid a cloudy outlook for the U.S. economy due to global headwinds and impasses over trade and government budget negotiations. "The Fed provided a big boost but how much more help can it provide to EM assets?" said Morgan Stanley analysts in a note.
S A O PAULO, Jan. 31, 2019 /PRNewswire/ -- The main figures obtained by Bradesco are presented below: 1. Recurring Net Income in the 4 th quarter recorded R$5.8 billion , an increase of 6.6% compared to ...
Brazil's Economy Minister Paulo Guedes has proposed taxing dividends and other shareholder payouts in order to reduce other corporate taxes and boost economic activity, business daily Valor Economico reported on Wednesday. Guedes outlined the plans to business leaders at a closed lunch during the World Economic Forum in Davos, Valor reported, citing executives who were present. "What they are going to do is reduce the fiscal burden on the productive sector," Valor quoted Octavio de Lazari Junior, CEO of Brazilian lender Banco Bradesco SA, as saying.
Brazil's benchmark stock index eased off record-high levels in see-saw trade on Tuesday as banking shares slipped but the retail sector notched robust gains, while most Latin American currencies dipped ...
In his first major management reshuffle since taking the helm of Brazil's Banco Bradesco SA , Chief Executive Officer Octavio de Lazari has cut the number of executive vice-president positions as part of a consolidation to boost revenue. The country's second largest private lender said in a statement on Monday it was reducing the number of executive vice presidents from six to four, with Josué Augusto Pancini and Mauricio Machado de Minas leaving their positions but remaining as board members. The new divisions will focus on retail, wholesale and high-income clients, while the new information technology vice-president position will support all business areas, Bradesco said.
At BM Multimarcas, a used-car dealer on the outskirts of Sao Paulo, owner Santel de Abreu Bernardo can show you jalopies that most big banks would not touch. It has grabbed 25 percent of the market for car loans in Latin America's largest country, in part by extending credit to borrowers shunned by other mainstream banks. There are risks to Santander's strategy, as any used-car veteran will tell you.