Banco Bradesco S.A. provides banking and financial products and services to individuals, companies, and corporations and institutions. The company operates through two segments, Banking; and Insurance, Pension Plans and Capitalization Bond. It accepts various deposit products, such as demand deposits, time deposits, checking accounts, savings accounts, interbank deposits from financial institutions, and accounts for salary purposes. The company also offers loans comprising short-term loans, vehicle financing, overdraft loans on checking accounts, revolving credit facilities, and traditional term loans to consumers; real estate financing services; microcredit to low-income individuals and small companies. As of December 31, 2014, the company operated through a network of 4,659 branches, 4,631 service centers and electronic in-company service centers, and 31,089 ATMs in Brazil; and 2 branches internationally. Banco Bradesco S.A. was founded in 1943 and is headquartered in Osasco, Brazil
BDD is coming off the bottom in a down market. If you read the ELP thread it will give a little more info as they are both Brazilian plays ELP Thread http://stockaholics.net/threads/elp-companhia-paranaense-de-energia-copel.137/ 7.38 0.08(1.10%) Dow - -80
BBD held up good today considering the market and was even up a few times. This is what the Street had to say> Banco Bradesco (BBD) Stock Slipping Along With Real http://www.thestreet.com/story/1351...g-along-with-real.html?puc=yahoo&cm_ven=YAHOO 7.25 -0.05(0.68%) DOW -133.68
Hey! My neighbors are from Brazil! I can never go back to normal BBQ. The way they cook the meat, its a cut from the ribeye, all you do is cook it on the bbq with rock salt, that is all! No 48 different rubs and spices like we usually do. This way you are getting just the taste of the meat, which is what good steak is supposed to be. How does this relate to BBD? In no way at all! I just felt like sharing.
Banco Bradesco (BBD) Stock Soaring as Presidential Impeachment Seems More Likely http://www.thestreet.com/story/1352...seems-more-likely.html?puc=yahoo&cm_ven=YAHOO
BBD holding strong for two consecutive trading sessions when the market drops big off it's highs. Brazil protests expected before impeachment vote http://www.bbc.com/news/world-latin-america-36015952
BBD touched the upper BB today and I took some profits but hold the bigger part of my position. BBD still shows strength as for 3 consecutive trading sessions it has held strong on the market heading south.
BBD ready to gap up Brazil impeachment: Vote deals new blow to Rousseff Brazil's President Dilma Rousseff has suffered a blow to her hopes of staving off impeachment proceedings, after a committee voted they should go ahead. The 65-member congressional committee voted 38 to 27 to recommend impeachment over claims she manipulated government accounts ahead of her 2014 re-election. All eyes will now be on a full vote in the lower house starting on 17 April. The issue has divided Brazil, with police preparing for mass protests in the capital, Brasilia. http://www.bbc.com/news/world-latin-america-36021230
The gap up was smaller than I anticipated but BBD picked up steam with the market at it's back. With being overbought and setting above the upper BB, I closed out my position taking some good profits. I will wait for a pull back and re-enter. HOD
I nibbled my 3rd tier buy on BBD and hoping for lower prices to make a bigger tier buy. Currently @6.97 down .17 Banco Bradesco (BBD) Stock Retreating as Ibovespa Declines NEW YORK (TheStreet) -- Shares of Banco Bradesco (BBD) are declining by 2.24% to $6.98 on Monday morning, as a pop in the real isn't enough to boost some U.S. traded Brazil-based stocks, which are trading in the red following a dip in the Ibovespa index. More http://www.thestreet.com/story/1354...ibovespa-declines.html?puc=yahoo&cm_ven=YAHOO
Brazil's Bradesco misses estimates as defaults, provisions rise SAO PAULO, April 28 (Reuters) - Banco Bradesco SA missed first-quarter profit estimates on Thursday, after a tough recession and rising defaults forced Brazil's third-largest listed bank to raise loan-loss provisions and step up renegotiations with some large corporate borrowers. Recurring net income at Osasco, Brazil-based Bradesco came in at 4.113 billion reais ($1.17 billion) last quarter, below an average consensus estimate of 4.292 billion reais compiled by Thomson Reuters. The indicator, which measures profit excluding one-time items, sank 9.8 percent from the prior three months. http://finance.yahoo.com/news/brazils-bradesco-misses-estimates-defaults-102234279.html
My intention was to go fishing near the lower BB but BBD is only down 1.26% with the markets down so I will probably take profits in the near term before making another buy 8:18 am Banco Bradesco shares higher by 3% overseas after it reported Q1 EPS of R 3.52 vs R 3.04 Capital IQ consensus (BBD) : The 12-month Efficiency ratio reached 37.2% in the first quarter of 2016, once again registering the best historical level, showing improvement of 0.3 p.p. in comparison to the previous quarter, and 1.1 p.p. in comparison to the same period of the previous year. In the first quarter of 2016, allowance for loan losses expenses totaled R$5,448 million, registering a variation of 30.0%, or R$1,256 million, over the previous quarter, and a variation of 52.2% http://finance.yahoo.com/news/inplay-briefing-com-055139997.html#bbd
