|Bid||7.20 x 60000|
|Ask||7.50 x 60000|
|Day's Range||7.25 - 7.25|
|52 Week Range||6.60 - 9.48|
|Beta (3Y Monthly)||1.23|
|PE Ratio (TTM)||10.36|
|Forward Dividend & Yield||0.05 (0.70%)|
|1y Target Est||N/A|
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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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.
Brazil's Banco Bradesco SA beat analysts' second-quarter profit estimates on Thursday, helped by strength in consumer lending and fees, as well as a decline in loan loss provisions. Bradesco's loan book grew in the second quarter at a faster pace, expanding 8.7% year-on-year due largely to consumer loans, compared to a 3.1% rise in the prior quarter. Bradesco's second-quarter loan loss provisions fell by 0.1% from a year earlier to 3.487 billion reais.
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.
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.
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 ...
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.
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.
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.