Next week will start Brazilian Banks 4th quarter results release.
The expectation for Bradesco (NYSE:BBD) it is a better result than the previous awful quarter with improvements in the ROE indicators and asset quality.
On the other hand the increase in the Interest rate will help to improve gross margin and long term run.
With this news, after three terrible months were the valuation falling down more than 20%, in my opinion it is time to a recovery to 12 / 12,50 level.
Greeting from Brazil
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.