The stock of Banco Bradesco SA (ADR) (NYSE:BBD) is a huge mover today! About 9.48M shares traded hands. Banco Bradesco SA (ADR) (NYSE:BBD) has risen 11.44% since April 13, 2016 and is uptrending. It has outperformed by 7.52% the S&P500.
The move comes after 7 months positive chart setup for the $47.49 billion company. It was reported on Nov, 15 by Barchart.com. We have $14.26 PT which if reached, will make NYSE:BBD worth $29.92B more.
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 initiated by Scotia Capital on Tuesday, March 15 with “Underperform”. The stock of Banco Bradesco SA (ADR) (NYSE:BBD) has “Buy” rating given on Monday, October 12 by Deutsche Bank. Citigroup downgraded Banco Bradesco SA (ADR) (NYSE:BBD) on Friday, April 8 to “Sell” rating. On Monday, March 14 the stock rating was upgraded by Bank of America to “Buy”. Deutsche Bank downgraded the shares of BBD in a report on Tuesday, March 22 to “Hold” rating. Goldman Sachs maintained the stock with “Neutral” rating in Monday, May 2 report. The rating was maintained by Goldman Sachs with “Neutral” on Wednesday, September 21.
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, midâ€‘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 depositâ€‘taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.
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