Banco Bradesco (BBD) Stock Forecast, Price & News

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Banco Bradesco in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" BBD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in BBD, but not buy additional shares or sell existing shares.
View BBD analyst ratings or view top-rated stocks.

9 brokers have issued 12 month price targets for Banco Bradesco's stock. Their BBD share price forecasts range from $2.70 to $21.00. On average, they anticipate the company's share price to reach $7.68 in the next year. This suggests a possible upside of 174.6% from the stock's current price.
View analysts price targets for BBD or view top-rated stocks among Wall Street analysts.

Banco Bradesco's stock was trading at $2.88 at the beginning of 2023. Since then, BBD shares have decreased by 3.0% and is now trading at $2.7950.
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Banco Bradesco saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 31,050,000 shares, an increase of 10.0% from the August 31st total of 28,230,000 shares. Based on an average daily trading volume, of 19,910,000 shares, the days-to-cover ratio is presently 1.6 days.
View Banco Bradesco's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our BBD earnings forecast.

Banco Bradesco S.A. (NYSE:BBD) posted its quarterly earnings data on Thursday, August, 3rd. The bank reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.01. The bank earned $9.83 billion during the quarter, compared to analysts' expectations of $5.49 billion. Banco Bradesco had a net margin of 7.80% and a trailing twelve-month return on equity of 9.53%.

Banco Bradesco announced a monthly dividend on Tuesday, September 12th. Investors of record on Wednesday, October 4th will be given a dividend of $0.0038 per share on Monday, November 13th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend is Tuesday, October 3rd.
Read our dividend analysis for BBD.

ETFs with the largest weight of Banco Bradesco (NYSE:BBD) stock in their portfolio include iShares Latin America 40 ETF (ILF), OneAscent Emerging Markets ETF (OAEM) and First Trust BICK Index Fund (BICK).SPDR Portfolio Emerging Markets ETF (SPEM).

Banco Bradesco (NYSE:BBD) pays an annual dividend of $0.03 per share and currently has a dividend yield of 1.22%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 12.00%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BBD will have a dividend payout ratio of 6.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for BBD.

Shares of Banco Bradesco split before market open on Tuesday, April 19th 2022. The 11-10 split was announced on Tuesday, April 19th 2022. The newly created shares were issued to shareholders after the closing bell on Tuesday, April 19th 2022. An investor that had 100 shares of stock prior to the split would have 110 shares after the split.

31 employees have rated Banco Bradesco Chief Executive Officer Octavio de Lazari on Glassdoor.com. Octavio de Lazari has an approval rating of 86% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Banco Bradesco investors own include Bombardier, Inc. Class B (BBD.B), Petróleo Brasileiro S.A. - Petrobras (PBR), Bombardier (BDRBF), Vale (VALE), Bank of America (BAC), General Electric (GE), Citigroup (C), Energy Transfer (ET), Applied Materials (AMAT) and AT&T (T).

Banco Bradesco trades on the New York Stock Exchange (NYSE) under the ticker symbol "BBD."

Shares of BBD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BBD stock can currently be purchased for approximately $2.80.

Banco Bradesco (NYSE:BBD) has a market capitalization of $29.79 billion and generates $35.24 billion in revenue each year. The bank earns $4.06 billion in net income (profit) each year or $0.25 on an earnings per share basis.

The company employs 88,381 workers across the globe.

Banco Bradesco's mailing address is CIDADE DE DEUS S/N VILA YARA, OSASCO D5, 06029-900. The official website for the company is www.banco.bradesco. The bank can be reached via phone at 551136844011, via email at investors@bradesco.com, or via fax at 55-11-3684-4630.