Banco Bradesco, S.A. (BBD) - NYSE
  • Thu, Apr. 28, 9:18 AM
    • Banco Bradesco (NYSE:BBD): Q1 EPS of R$3.52
    • Net interest income of R$14.89B (+9.5% Y/Y)
    • Press Release
    | Thu, Apr. 28, 9:18 AM
  • Tue, Apr. 26, 3:07 PM
    • Expectations are certainly low as the country's deepening recession means weak demand for credit and a rise in bad loans.
    • Banco Santander Brasil (NYSE:BSBR) reports tomorrow, Banco Bradesco (NYSE:BBD) Thursday, and Itau Unibanco (NYSE:ITUB) Monday.
    • The number of Brazilians late on their utility bills rose to 60M in Q1, according to a credit bureau there. It's the highest proportion (total population 200M) since at least 2012 when the figures began being compiled.
    • Should the economy contract at the same pace as last year's 3.8% (which is what consensus expects), the two-year recession would be worse than that suffered during the Great Depression.
    • The banks started boosting bad loan provisions last year, and have said they plan to increase those further in 2016.
    | Tue, Apr. 26, 3:07 PM
  • Mon, Apr. 18, 9:20 AM
    | Mon, Apr. 18, 9:20 AM | 23 Comments
  • Wed, Mar. 23, 6:56 PM
    • Shares in Brazil tumbled today after construction giant Odebrecht agreed to cooperate with corruption investigators in exchange for leniency.
    • As reported by Barron's Dimitra DeFotis, Eurasia Group says the plea agreement from Odebrecht is an important signpost in potentially incriminating Pres. Rousseff, and now expects impeachment by late April or early May.
    • The Economist doubts Rousseff can survive past next month, remarking that by naming Lula da Silva as her new chief of staff, she “put the interest of her political tribe above the rule of law."
    • In today's U.S. trade: PBR -7.1%, PBR -5.8%, VALE -9.4%, BBD -5.9%, ITUB -5.7%, BSBR -2.5%, EBR -5.7%, CPL -5.1%, CIG -4.9%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Mar. 23, 6:56 PM | 48 Comments
  • Tue, Mar. 22, 9:49 AM
    • Brazil in general and its banks in particular have soared of late, helped by hope the corruption probe will mean an end to the government of President Rousseff.
    • After brutal runs lower in 2015, Banco Bradesco (NYSE:BBD) is higher by 60% this year, and Itau Unibanco (NYSE:ITUBby 38%.
    • Taking the opportunity to lighten up, Deutsche downgrades both to Hold from Buy.
    | Tue, Mar. 22, 9:49 AM
  • Thu, Mar. 17, 10:19 AM
    | Thu, Mar. 17, 10:19 AM | 16 Comments
  • Thu, Mar. 17, 9:15 AM
    | Thu, Mar. 17, 9:15 AM
  • Tue, Mar. 15, 10:57 AM
    | Tue, Mar. 15, 10:57 AM | 26 Comments
  • Fri, Mar. 4, 7:21 PM
    • News that Brazil’s federal police detained former Pres. Lula da Silva for questioning in connection with the Petrobras (NYSE:PBR) corruption scandal sparked a rally in Brazilian assets today, as investors hoped the deepening political crisis would result in Pres. Rousseff's ouster and a more market-friendly government.
    • Brazil's real rose more than 3% vs. the U.S. dollar before settling to a 1% gain, and the Bovespa stock index jumped 4%.
    • Federal prosecutors who ordered today's raids said there was evidence that Lula personally received funds from the graft scheme through work on a luxury beachside penthouse and a country home; beyond the allegations of personal perks and payoffs, prosecutors today described the former president as leading a years-long scheme to divert money from Petrobras to fund election campaigns that would keep his Workers’ Party and its allies perpetually in power.
    • A presidential aide called the accusations against Lula a "turning point" in the  crisis, warning that if authorities do not quickly present concrete proof against Lula, "there is going to be violence in the streets. It could be a real war."
    • In today's U.S. trading of Brazil-based stocks: PBR +11.4%, PBR.A +12.9%, VALE +7.1%, EBR +4%, ELP +6.7%, CPL +3%, CIG +0.5%, BSBR +1.7%, BBD +11.6%, ITUB +7.4%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Fri, Mar. 4, 7:21 PM | 8 Comments
  • Fri, Mar. 4, 12:37 PM
    • He's since been released, but former President Luiz Inacio Lula da Silva had his house raided and was detained for questioning over the country's massive corruption scandal. His protege Dilma Rousseff is already facing impeachment proceedings and there was some chatter about her possibly resigning this weekend.
    • The Bovespa continues a major rally begun in mid-January, and is up another 3.8% today. The real is rallying alongside, sending the iShares MSCI Brazil ETF higher by 6.3%.
    • Banco Bradesco (BBD +11.8%), Santander Brasil (BSBR +2.9%), Itau Unibanco (ITUB +8.4%)
    | Fri, Mar. 4, 12:37 PM | 2 Comments
  • Fri, Mar. 4, 9:23 AM
    | Fri, Mar. 4, 9:23 AM | 10 Comments
  • Wed, Feb. 24, 2:32 PM
    • Vale (VALE -6.1%) is among Brazilian stocks trading sharply lower after Moody’s becomes the third ratings agency to downgrade the country’s credit rating since September.
    • Moody’s cuts Brazil's sovereign credit rating to Ba2 from Baa3, two notches into junk territory, with a negative outlook, citing uncertainty over the effort to impeach Pres. Rousseff and the corruption scandal that has paralyzed the country’s leadership and slowed efforts to shore up its crumbling finances.
    • "Every day it’s something, and you don’t know what the next thing will be. There’s very little visibility on what the future will be," says Moody's lead analyst for Brazil.
    • Vale, which reports earnings tomorrow, also is hurt by news that Brazilian police are alleging homicide at Vale’s Samarco joint venture with BHP Billiton.
    • Also: PBR -1.9%, PBR.A, -1.2%, EBR -5.3%, ELP -3.1%, CIG -4.8%, CPL -1.4%, SBS -4.5%, BSBR -0.5%, BBD -0.9%, ITUB -0.9%.
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Feb. 24, 2:32 PM | 9 Comments
  • Fri, Feb. 5, 5:05 PM
    • Mark Mobius says he no longer is investing in Petrobras (NYSE:PBR) in the Templeton Global Emerging Markets Fund and would buy shares only if oil prices rise sharply and the company cuts its huge debt.
    • The Templeton Emerging Markets executive chairman says PBR, the world’s most indebted oil company, may need a government bailout to overcome its financial challenges and that it will need to find a way to restructure its debt.
    • Mobius says Templeton last year liquidated its ~$100M in PBR holdings in response to the bid-rigging and bribery scandal, but is willing to expand investments in some Brazilian companies already in its portfolio, including banks Itaú Unibanco (NYSE:ITUB) and Bradesco (NYSE:BBD).
    | Fri, Feb. 5, 5:05 PM | 23 Comments
  • Wed, Feb. 3, 12:04 PM
    • Possibly helping sentiment for the thoroughly roughed-up names is Banco Bradesco's (BBD +7.4%) cancellation of a capital raise.
    • SEC Form 6-K
    • Also headed higher is Itau Unibacno (ITUB +5.8%) after yesterday's post-earnings plunge. The lender beat trimmed down estimates, but also said it expected loan-loss provisions to rise 38% this year. NPLs in Q4 were 3.5%, up 20 basis points from Q3 and 40 bps from a year ago.
    • The Bovespa is up 2.15% in today's session. EWZ +4.35%
    • ETFs: EWZ, BRF, BRZU, EWZS, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ
    | Wed, Feb. 3, 12:04 PM | 5 Comments
  • Wed, Feb. 3, 9:19 AM
    | Wed, Feb. 3, 9:19 AM
  • Thu, Jan. 28, 7:49 AM
    • Banco Bradesco (NYSE:BBD): Q4 EPS of R$3.55.
    • AUM as of Dec.2015 stood at R$1.5T (5.9% Y/Y).
    • Press Release
    | Thu, Jan. 28, 7:49 AM
Company Description
Banco Bradesco SA operates as an international bank. It offers banking and financial products and services. The company operates through two segments: Banking, and Insurance, Pension & Capitalization Bonds. The Banking segment includes individuals and small, midsized, and large companies in... More
Sector: Financial
Industry: Foreign Regional Banks
Country: Brazil