AllAnalyst Report
logoMorningstarNovember 16, 2020

Banco Bradesco S.A.: Headwinds Persist, but Lower Provisioning Drives Strong Third-Quarter Results for Banco Bradesco

Symbols
BBD
Sector(s)
Financial Services
Rating
Current Price
$2.67
Fair Value
Economic Moat
Stewardship
Summary

Banco Bradesco is Brazil's fourth-largest bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 25% market share. The bank provides services through a network of more than 4,600 branches, the largest footprint of all privately controlled banks in Brazil. Banking provides roughly 70% of profits, while

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Analyst Profile

Eric Compton

Equity Analyst
Eric Compton, CFA, is an equity analyst for Morningstar Research Services LLC, covering the U.S. and Canadian banking sectors, including the U.S. money center banks, U.S. regional banks, and the Big Six Canadian banks.Before joining Morningstar in 2015, Compton was a business analyst for ESIS, a global provider of risk management products and a subsidiary of ACE Group. Compton holds a bachelor's degree in applied health science from Wheaton College. He has passed all three levels of the Chartered Financial Analyst® program and holds the Chartered Financial Analyst® designation.