Loan loss provisions rose 24.3% year over year to $2.11 billion, with both EPS and revenue missing expectations. CEO Marcelo Noronha says the macro backdrop keeps deteriorating and is holding the bank to a moderate risk appetite, even as full-year loan growth guidance of 8.5% to 10.5% stays intact.
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BBD Coverage
Ambev, Starbucks Drop into Wednesday’s 52-Week Low Club
Ambev, Aquinox Pharmaceuticals, Starbucks, and Banco Bradesco all posted new 52-week lows Wednesday.
Brazilian Banks, Gold Miners Populate Friday’s 52-Week Low Club
Banco Bradesco, Itaú Unibanco, Harmony Gold, and New Gold all posted new 52-week lows on Friday.
Ambev, MiMedX Plummet into Thursday’s 52-Week Low Club
Ambev, Banco Bradesco, Itaú Unibanco, and MiMedX all posted new 52-week lows Thursday.
Ambev, PPL Corp. Slide into Wednesday’s 52-Week Low Club
Helios and Matheson, Ambev, Banco de Bradesco, and PPL Corp. all posted new 52-week lows on Wednesday.
Carnival Cruises, Helios and Matheson Sink into Tuesday’s 52-Week Low Club
Aegean Marine, Helios and Matheson, Banco Bradesco, and Carnival Corp. all posted new 52-week lows Tuesday.
Gogo, Tesaro Drop into Wednesday’s 52-Week Low Club
Banco Bradesco, Gogo, Tesaro, and Celldex all posted new 52-week lows Wednesday.
Ambev, Banco Santander Plunge into Tuesday’s 52-Week Low Club
Ambev, Banco Santander, Deutsche Bank, and Banco Bradesco all posted new 52-week lows Tuesday.
Top Analyst Upgrades and Downgrades: GrubHub, Kroger, Newell Brands, Seagate, Snap, Sony, WEX, FireEye and More
The top analyst upgrades, downgrades and other research calls from Monday include GrubHub, Kroger, Newell Brands, Seagate, Snap, Sony, WEX and FireEye.
The 52-Week Low Club for Tuesday
January 5, 2016: Here are four stocks trading with heavy volume among 128 equities making new 52-week lows today. Fitbit Inc. (NYSE: FIT) dropped about 14% on Tuesday to post a new…
The 52-Week Low Club for Monday
January 4, 2016: Here are four stocks trading with heavy volume among 210 equities making new 52-week lows today. Banco Bradesco SA (NYSE: BBD) dropped about 3.1% on Monday to post a…
Top Analyst Upgrades and Downgrades: BofA, NetApp, Stratasys, Symantec, Wells Fargo and More
These are the top analyst upgrades, downgrades and initiations seen from Wall Street research firms on Monday, March 24, 2014. They include Bank of America, NetApp, Stratasys, Symantec and Wells Fargo.
BRIC Watch: Brazil May Keep Falling
ThinkstockThis year continues to be a miserable one for investors who want to believe in emerging markets like Brazil, the land that offers hopes and dreams but little in the way of…
Has Brazil Lost All of Its Luster?
Brazil is one of the so-called BRIC nations, an investment term denoting Brazil, Russia, India and China. This used to have great growth connotations for investors, but as you can tell by…
Top Analyst Upgrades and Downgrades (AAPL, BBD, BSBR, RATE, BSX, CNK, DECK, DELL, DUK, ELX, LULU, OXY, QLGC, RGC, RIMM, TEVA, VZ, WSM)
These are some of the top analyst upgrades, downgrades and initiations seen in Wall St. research calls this Monday. Apple Inc. (NASDAQ: AAPL) reiterated Buy with $800 target and raised estimates at…
Eight Countries With Credit Ratings Set to Rise Next Year
It seems that all of the nations around the world are facing sovereign credit ratings downgrades or warnings of downgrades. After the United States lost its prized “AAA” rating, the threat of downgrades hangs over…