Banco Bradesco (BBD) Lifted to "Overweight" at JPMorgan Chase & Co

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. Shelton Capital Management's holdings in Banco Bradesco were worth $2,082,000 at the end of the most recent quarter.

Several other equities analysts also recently commented on the stock. Ameriprise Financial Inc. increased its position in shares of Banco Bradesco by 17.9% during the 2nd quarter. ZWJ Investment Counsel Inc. now owns 15,596 shares of the bank's stock valued at $133,000 after acquiring an additional 217 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Banco Bradesco by 102.6% during the second quarter. The stock's quarterly performance indicates a positive momentum of 11.86 percent, whereas its last one month trend is optimistic with 5.64 percent. Nationwide Fund Advisors now owns 822,747 shares of the bank's stock valued at $6,993,000 after purchasing an additional 187,295 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Banco Bradesco SA in the 1st quarter valued at about $114,000. ValuEngine downgraded shares of Banco Bradesco from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, October 31st. Scotiabank downgraded shares of Banco Bradesco SA from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, September 5th.

Banco Bradesco (NYSE:BBD) was upgraded by JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research note issued to investors on Monday, January 22nd, Marketbeat reports. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of "Buy" and an average price target of $12.20. Banco Bradesco S.A. (NYSE:BBD) has a 20-Day average volume of 11.46 Million. Banco Bradesco has a fifty-two week low of $7.47 and a fifty-two week high of $13.09. The firm has a market cap of $74,700.37, a price-to-earnings ratio of 14.94, a P/E/G ratio of 0.95 and a beta of 1.89.

Banco Bradesco (NYSE:BBD) last issued its earnings results on Thursday, February 1st. The bank reported $0.25 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.03. Banco Bradesco had a return on equity of 17.54% and a net margin of 9.87%. analysts expect that Banco Bradesco will post 0.96 EPS for the current fiscal year. Shareholders of record on Monday, February 5th will be given a dividend of 0.005 per share by the bank on Monday, March 12th. This represents a yield of 0.000438212094653812%. The ex-dividend date of this dividend is Wednesday, September 6th. Banco Bradesco S.A. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of global copyright & trademark legislation.

Banco Bradesco S.A. has been given an analysts' mean target of 11.66. The Bank offers a range of banking and financial products and services in Brazil and overseas to individuals, large, mid-sized and small companies, and local and worldwide corporations and institutions.