Stock On Watch: Could Banco Bradesco SA (ADR) See a Reversal After This Very Weak Session?

Stock On Watch: Could Banco Bradesco SA (ADR) See a Reversal After This Very Weak Session?

The stock of Banco Bradesco SA (ADR) (NYSE:BBD) is a huge mover today! About 21.76 million shares traded hands or 88.89% up from the average. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 43.22% since April 8, 2016 and is uptrending. It has outperformed by 37.57% the S&P500.
The move comes after 8 months negative chart setup for the $45.71 billion company. It was reported on Nov, 10 by Barchart.com. We have $7.97 PT which if reached, will make NYSE:BBD worth $3.20B less.

Banco Bradesco SA (ADR) (NYSE:BBD) Ratings Coverage

Out of 6 analysts covering Banco Bradesco SA (NYSE:BBD), 2 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 33% are positive. Banco Bradesco SA has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, September 21. The rating was upgraded by Bank of America to “Buy” on Monday, March 14. Deutsche Bank downgraded the shares of BBD in a report on Tuesday, March 22 to “Hold” rating. Scotia Capital initiated the shares of BBD in a report on Tuesday, March 15 with “Underperform” rating. The firm has “Buy” rating given on Monday, October 12 by Deutsche Bank. Citigroup downgraded the shares of BBD in a report on Friday, April 8 to “Sell” rating. Goldman Sachs maintained the shares of BBD in a report on Monday, May 2 with “Neutral” rating.

According to Zacks Investment Research, “Banco Bradesco’s main activities are the provision of banking and insurance services such as private and industrial credit loans, credit cards, mortgaged loans, 24 hour banking, health and life insurance, leasing, pension fund management and services for stock market investors.”

More news for Banco Bradesco SA (ADR) (NYSE:BBD) were recently published by: Investorplace.com, which released: “Why Banco Bradesco SA (ADR) (BBD), Coca-Cola Enterprises Inc (CCE) and Great …” on May 31, 2016. Marketwatch.com‘s article titled: “Banco Bradesco S/A Pref ADR” and published on December 21, 2009 is yet another important article.

BBD Company Profile

Banco Bradesco S.A. (Bradesco), incorporated on January 5, 1943, is a commercial bank. The Firm offers a range of banking and financial services and products in Brazil and abroad to individuals, large, mid‑sized and small companies, and local and international firms and institutions. The Firm operates and manages its business through two divisions: the banking segment, and the insurance, pension plans and capitalization bond segment. In its banking segment, the Company offers a range of banking services and products to its clients, including deposit-taking, granting of loans and advance payments, debit and credit card services, and capital market solutions, through its distribution network. The Company’s services and products comprise banking operations, such as loans and advances and deposit‑taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.

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