Banco Bradesco SA (NYSE:BBD) Closes In Red


In the last trading session, the stock price of Banco Bradesco SA (NYSE:BBD) declined more than 1% to close the day at $10.05. The decline came at a share volume of 3 million compared to average share volume of 8.9 million. After the recent decline, the market cap of firm was noted at $30.9 billion. BBD has recorded gains of more than 26% so far in this year.

The buzz

Banco Bradesco adjusted Net Income for the initial three quarters of 2017 came at R$14.162 billion, a 11.2% jump versus the Adjusted Net Income of R$12.736 billion posted in the comparable period of 2016.

The company’s net income was corresponding to EPS of R$3.05 while return on Average Adjusted Shareholders’ Equity was 18.1%. As for the source, this Adjusted Net Income was constituted of R$10.035 billion recorded from financial activities, exhibiting 70.9% of the total. The reported adjusted net income also had R$4.127 billion income from pension plans, capitalization bond and insurance operations, which together comprise for 29.1%.

On September 30, 2017, Banco Bradesco’s market cap was R$208.250 billion, demonstrating a growth of 29.8% compared to the same period of 2016. Total assets were R$1.312 trillion, a jump of 3.3% over September 2016. The company reported Average Total Assets came at 1.5%. Banco Bradesco reported that the Expanded Loan Portfolio reached R$486.864 billion in September 2017, a 6.7% decline over September 2016.

Moreover, operations with individuals came at R$172.207 billion, a jump of 0.7% over same period in September, while operations with firms came at R$314.657 billion, a 10.3% decline over September 2016. Assets under Management figure was R$1.992 trillion, a 6.8% drop over September 2016. Shareholders’ Equity came at R$110.301 billion in September 2017, a jump of 11.9% over September 2016. Banco Bradesco reported that the Basel III Ratio, grounded on the Prudential Conglomerate was 17.7%.

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