|Bid||0.01 x 900|
|Ask||9.89 x 1000|
|Day's Range||8.15 - 8.25|
|52 Week Range||5.49 - 11.33|
|Beta (3Y Monthly)||0.28|
|PE Ratio (TTM)||11.64|
|Forward Dividend & Yield||0.19 (2.28%)|
|1y Target Est||N/A|
Odebrecht SA's failure to sell its controlling stake in petrochemical company Braskem SA to LyondellBasell Industries NV and lack of cash are complicating the task of restructuring 80 billion reais ($20.67 billion) in debt owed by the corruption-ensnared conglomerate, three sources with knowledge of the matter said. The conglomerate was counting on Braskem dividends to service its debt. LyondellBasell said on Tuesday it ended talks with Odebrecht SA to buy Braskem "after careful consideration" but did not elaborate further.
Brazilian prosecutors are considering a civil lawsuit against Banco Bradesco SA , as they believe the country's second-largest private-sector bank may have failed to prevent corruption schemes, Valor Econômico ...
Prosecutors in Brazil criticized compliance standards at Brazilian bank Banco Bradesco SA on Tuesday, after requesting that a federal court issue an arrest warrant for two branch managers allegedly involved in a vast money laundering scheme. In a statement, federal prosecutors in Rio de Janeiro asked for the temporary jailing of Tânia Maria Aragão de Souza Fonseca and Robson Luiz Cunha Silva, both bank managers in the city.
Moody's America Latina ("Moody's") assigned today Aaa.br National Scale corporate family rating to Cielo S.A.("Cielo") and a Ba1/Aaa.br rating to Cielo S.A. proposed BRL 3.0 billion senior unsecured debentures. The rating of the proposed debentures assumes that the final transaction documents will not be materially different from draft legal documentation reviewed by Moody's to date and assume that these agreements are legally valid, binding and enforceable. Cielo S.A.'s (Cielo) Ba1/Aaa.br rating reflects its dominant position in the Brazilian payment card industry and broad footprint in the large Brazilian territory.
Moody's América Latina has assigned provisional ratings to the senior shares to be issued by Driver Brasil Four Banco Volkswagen Fundo de Investimento em Direitos Creditórios Financiamento de Veículos (Driver Brasil Four FIDC), a securitization backed by a static pool of auto loans originated by Banco Volkswagen S.A. (not rated). Upon conclusive review of all documents and legal information as well as any subsequent changes in information, Moody's will endeavor to assign definitive ratings to this transaction.
Banco Bradesco SA has embarked on its first-ever international acquisition by paying approximately $500 million to buy BAC Florida Bank , which focuses on high-net-worth individuals in a move intended to close the gap with Brazilian rivals. Based in Coral Gables, BAC Florida is controlled by Grupo Pellas, which was founded in 1877 in Nicaragua. After the deal closes, Bradesco said its main goal is to provide a wide range of financial services in the United States to Bradesco clients and lure new customers to BAC Florida.
Transaction Allows Expansion of Its Business to High Net Worth and Affluent Clients in The U.S. SAO PAULO , May 6, 2019 /PRNewswire/ -- Bradesco announces its entry into an agreement to acquire BAC Florida ...
Brazil's antitrust watchdog CADE opened an investigation into Banco Bradesco SA for anti-competitive practices against financial startup Guiabolso, according to a CADE statement on Tuesday. The watchdog ...
SAO PAULO , April 30, 2019 /PRNewswire/ -- Banco Bradesco S.A. (B3: BBDC3, BBDC4; NYSE: BBD, BBDO and Latibex: XBBDC) informs that its Form 20-F for 2018 was filed with the United States Securities and ...
Brazil's No. 2 private-sector lender Banco Bradesco SA posted a 22 percent gain in quarterly recurring net income, meeting forecasts, as default ratios hit all-time lows. Bradesco managed to grow its loan book at a fast pace while improving asset quality. It was the latest sign of strength for Brazil's top banks even as the country's economy struggles to recover.
SAO PAULO , April 25, 2019 /PRNewswire/ -- The main figures obtained by Bradesco (BM&FBovespa: BBDC3; BBDC4, NYSE: BBD) are presented below: 1. Recurring Net Income in the 1 st quarter recorded R$6.2 billion ...
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 ...
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.
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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.