Brazilian bank Bradesco boost provisions, shares slump [Reuters]
Banco Bradesco Sa American Depositary Shares (each representing one Common Share) (BBDO)
US:NYSE Investor Relations:
bradescori.com.br/sitebradescori/default-en.aspx
Company Research
Source: Reuters
Brazilian bank Bradesco boost provisions, shares slump SAO PAULO (Reuters) - Brazilian lender Banco Bradesco SA ( BBDC4.SA ) is setting aside 2.7 billion reais ($506.1 million) for expected COVID 19-related loan losses and may provision more in the coming months amid what its chief executive called a more severe crisis than previous ones. “Our goal was to preserve the bank’s solidity to face future challenges,” Octavio de Lazari told journalists in a call on Thursday. “This crisis now is more severe than the ones Brazil faced in 2008 and 2016,” he added, referring to the financial crisis and a severe domestic recession triggered by a bust in commodities prices. Bradesco posted recurring net income, which excludes one-off items, of 3.753 billion reais, down nearly 40% from a year earlier and below a Refinitiv estimate of 5.975 billion reais. Return on equity, meanwhile, dropped 9 percentage points from the previous quarter to 11.7% as a result of the higher provisions. Preferred shar
Show less
Read more
Impact Snapshot
Event Time:
BBDO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BBDO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BBDO alerts
High impacting Banco Bradesco Sa American Depositary Shares (each representing one Common Share) news events
Weekly update
A roundup of the hottest topics
BBDO
News
- Organizations Continue to Choose Genesys Cloud AI to Transform Customer and Employee Experiences in the Third Quarter of Fiscal Year 2025 [Yahoo! Finance]Yahoo! Finance
- Why Is Banco Bradesco S.A. (BBD) Among the Best Emerging Markets Stocks To Buy Now? [Yahoo! Finance]Yahoo! Finance
- Why Banco Bradesco (BBD) Is One of the Best Oversold Value Stocks to Buy Right Now? [Yahoo! Finance]Yahoo! Finance
- Banks Keep Plowing Billions Into Clients Threatening Rainforests [Yahoo! Finance]Yahoo! Finance
- Is Banco Bradesco (BBD) A Top Emerging Market Bank Stock To Buy Now? [Yahoo! Finance]Yahoo! Finance