Banco Bradesco declares $0.0749 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Dividend Declaration: Banco Bradesco has declared a monthly dividend of $0.0749 per share, payable on February 10 for shareholders recorded as of January 6, with an ex-dividend date of January 5.
Market Performance: Despite some positive trends in recent quarters, Banco Bradesco faces challenges and is considered fairly valued, while Brazilian banks are currently experiencing a decline.
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Analyst Views on BBD
Wall Street analysts forecast BBD stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for BBD is 3.20 USD with a low forecast of 3.20 USD and a high forecast of 3.20 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 4.140
Low
3.20
Averages
3.20
High
3.20
Current: 4.140
Low
3.20
Averages
3.20
High
3.20
About BBD
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.
Banco Bradesco's Stock Rises Amid Rate Cut Hopes
- Stock Price Surge: Banco Bradesco closed at $4.14 today, up 4.28%, reflecting market optimism regarding potential interest rate cuts in Brazil starting in March, with current rates near 15%.
- Volume Spike: Trading volume reached 60.8 million shares, 76% above the three-month average of 34.5 million shares, indicating strong investor interest likely linked to the upcoming central bank meeting.
- Market Share Expansion: Bradesco plans to strengthen its fixed income team to gain further market share, demonstrating its strategic intent to pursue growth in a competitive banking sector.
- Annual Performance Outlook: The bank's stock has risen nearly 115% year-to-date, and investors will be closely watching its earnings report on February 5 to assess whether it can maintain its current growth momentum.
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Banco Bradesco Shares Rise Amid Rate Cut Hopes
- Stock Price Surge: Banco Bradesco's shares rose 4.41% to $4.14, reflecting market optimism regarding potential interest rate cuts in Brazil starting in March, with current rates near 15%.
- Volume Spike: Today's trading volume reached 60.8 million shares, 76% above the three-month average of 34.5 million shares, indicating strong investor interest that could drive further price increases.
- Market Outlook: Economists predict Brazil's benchmark Selic rate will be cut from 15% to 12.25% by year-end, creating a more favorable financing environment for banks, likely boosting loan demand and profitability.
- Team Expansion Plans: Banco Bradesco plans to strengthen its fixed income team to gain further market share, which is expected to positively impact its future performance, especially with earnings due on February 5, 2026.
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