Banco Bradesco downgraded to Sell from Buy at Goldman Sachs
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2025
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Source: Business Insider
Goldman Sachs Downgrade: Goldman Sachs has downgraded Banco Bradesco from Buy to Sell, lowering the price target to $2 due to concerns over the bank's profitability and return on equity remaining below its cost until at least 2027.
Capital Generation Concerns: The bank's muted profitability is expected to limit its organic capital generation, with shareholders' equity showing stability over the past year.
Analyst Views on BBDO
About BBDO
Banco Bradesco SA is a Brazil-based company which engages in the banking services industry. The Company is a multiple-service bank, operating primarily in two segments: financial and insurance. The financial segment includes several areas of the banking sector, serving individual and corporate clients, acting as an investment bank in domestic and international banking operations, investment fund administration, consortium administration, and asset management. The insurance segment includes life insurance, supplementary pension plans, health, accident, and property insurance. The Company provides services to other entities which include asset management and treasury services, foreign exchange transactions, corporate finance and investment banking services, hedging operations, and financing operations, including working capital financing, leasing, and installment credit.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
