The shares of Banco Bradesco SA (ADR) (NYSE:BBD) increased by 39.22% in the last 20 days and rose 39.77% in the past 5 trading sessions. Banco Bradesco SA (ADR) (NYSE:BBD) shares opened at $7.05 in the last session and had intraday high of $7.23 and low of $6.82 for a higher than normal intra-day volatility. Investors must be careful when trading such stocks.
About 4.72 million shares traded hands. Banco Bradesco SA (ADR) (BBD) has declined 10.38% since July 30, 2015 and is downtrending. It has underperformed by 5.22% the S&P500.
Analysts await Banco Bradesco SA (ADR) (NYSE:BBD) to reports earnings on May, 4. They expect $0.20 earnings per share, down 31.03% or $0.09 from last year’s $0.29 per share. BBD’s profit will be $1.15 billion for 8.58 P/E if the $0.20 EPS becomes reality. After $0.24 actual earnings per share reported by Banco Bradesco SA (ADR) for the previous quarter, Wall Street now forecasts -16.67% negative EPS growth.
According to Zacks Investment Research, “Banco Bradesco’s main activities are the provision of banking and insurance services such as private and industrial credit loans, credit cards, mortgaged loans, 24 hour banking, health and life insurance, leasing, pension fund management and services for stock market investors.”
Banco Bradesco S.A. is a commercial bank. The company has a market cap of $39.53 billion. The Bank offers a range of banking and financial services and products in Brazil and abroad to individuals, companies and local and international firms and institutions. It has 7.59 P/E ratio. The Company’s services and products include banking operations, such as loans and advances and deposit-taking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services.
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