The featured asset today is Banco Bradesco SA ADR (BBD). If investors implemented an AI strategy between 2021-01-14 and 2023-06-21, they would have seen a potential return of 262.7%. The average trade made 29.19%, and was held in the long position for 57.0 days. There were 9.0 positions taken in total. The trading idea suggests that BBD is a STRONGBUY with a buy price target of 3.04, based on a model with an accuracy of 0.75 predicting an upward trend in the following 2 weeks. The analyst consensus price target is 4.17.
Company Overview
Banco Bradesco SA ADR (BBD) is a Brazilian banking institution headquartered in Osasco, Brazil. It is the second largest private sector bank in Brazil and provides an extensive range of banking products and services to individuals, corporations, and companies in Brazil and overseas. The company is part of the Bradesco Group, a financial services holding company with presence in several Latin American countries.
Market Performance
Banco Bradesco SA has a market capitalization of $26.7 billion and trades on the New York Stock Exchange (NYSE). As of September 6, 2023, the stock is trading at $3.04 per share, which is up from $2.40 per share in August of 2019. The company has experienced steady growth over the past few years, with its market capitalization increasing from $25 billion in 2019 to $26.7 billion today.
Historic Company Performance
Over the past few years, Banco Bradesco SA has experienced strong growth in both revenue and profits. In the last quarter, the company reported a net income of R$11.5 billion, up from R$9.9 billion in the same quarter a year ago. On a year-over-year basis, the company’s revenue has grown by 7.7%.
Share Price Performance
Banco Bradesco SA’s share price has been volatile over the past few years. Since August 2019, the stock has experienced a range of highs and lows, with its highest price of $4.07 in January 2020 and its lowest price of $2.40 in August 2019. As of September 6, 2023, the stock is trading at $3.04 per share, which is up from $2.40 per share in August of 2019.
Conclusion
Banco Bradesco SA ADR (BBD) is a Brazilian banking institution that provides an extensive range of banking products and services to individuals, corporations, and companies in Brazil and overseas. The company has experienced strong growth in both revenue and profits over the past few years and its market capitalization has increased from $25 billion in 2019 to $26.7 billion today. As of September 6, 2023, the stock is trading at $3.04 per share, which is up from $2.40 per share in August of 2019. Despite the volatility of the share price over the past few years, Banco Bradesco SA appears to be a strong investment for those looking for exposure to the banking industry in Brazil.
Symbol: BBD
AssetType: Common Stock
Name: Banco Bradesco SA ADR
Description: Banco Bradesco SA, offers various banking products and services to individuals, corporations and companies in Brazil and internationally. The company is headquartered in Osasco, Brazil.
CIK: 1160330
Exchange: NYSE
Currency: USD
Country: USA
Sector: FINANCE
Industry: STATE COMMERCIAL BANKS
Address: CIDADE DE DEUS S/N VILA YARA, 06029-900 OSASCO, SP BRAZIL, BR
FiscalYearEnd: December
LatestQuarter: 2022-09-30
MarketCapitalization: 26733177000
EBITDA: None
PERatio: 5.57
PEGRatio: 0.904
BookValue: 14.87
DividendPerShare: 0.622
DividendYield: 0.0776
EPS: 0.44
RevenuePerShareTTM: 8.05
ProfitMargin: 0.244
OperatingMarginTTM: 0.266
ReturnOnAssetsTTM: 0.0122
ReturnOnEquityTTM: 0.137
RevenueTTM: 85877637000
GrossProfitTTM: 84471655000
DilutedEPSTTM: 0.44
QuarterlyEarningsGrowthYOY: -0.869
QuarterlyRevenueGrowthYOY: -0.372
AnalystTargetPrice: 4.17
TrailingPE: 5.57
ForwardPE: 5.69
PriceToSalesRatioTTM: 0.291
PriceToBookRatio: 0.928
EVToRevenue: –
EVToEBITDA: –
Beta: 0.593
52WeekHigh: 4.066
52WeekLow: 2.397
50DayMovingAverage: 2.772
200DayMovingAverage: 3.38
SharesOutstanding: 10642200000
DividendDate: 2023-04-13
ExDividendDate: 2023-02-02
| Date | Symbol | Prediction | Model Accuracy | Price Target | Analyst Target |
|---|---|---|---|---|---|
| 2023-09-06 | BBD | STRONGBUY | 0.75 | 3.04 | 4.17 |
| 2023-08-14 | BBD | WEAKBUY | 0.75 | 3.10 | 4.17 |
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