Why did Banco Bradesco stock go down today? Disappointing Q4 results

Feb. 09, 2022 3:33 PM ETBanco Bradesco S.A. (BBD), BBDOBy: Max Gottlich, SA News Editor

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  • Brazil-based Banco Bradesco S.A. (NYSE:BBD) (NYSE:BBDO) stock falls 9% so far on Wednesday after Q4 operating income slipped from the previous quarter.
  • Q4 operating income of R$10.28B ($1.96B) edged lower from R$10.59B in the third quarter.
  • Q4 recurring net income of R$6.61B also slid from R$6.76B in Q3.
  • Q4 assets were R$1.69T vs. R$1.71T in Q3
  • Q4 assets under management of R$2.60T compared with R$2.62T in the previous period.
  • Liquidity coverage ratio of 138.1% fell from 145.5% in Q3.
  • Annualized return on average equity was 17.5%, down from 18.6% in Q3.
  • Q4 delinquency ratio of 2.8% ticked higher from 2.6% in the prior quarter.
  • Check out Bano Bradesco's Q4 earnings call presentation here.

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