Bank Bradesco SA ADR
BBD: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|D#? | LOCK|j% | LOCK|jLjKX$Q |
Banco Bradesco Earnings: Strong Loan Growth and Lower Credit Costs Lead to a Recovery in Net Income
Banco Bradesco's recovery continued in the fourth quarter as total revenue increased 7.9% from last year to BRL 32.3 billion. The bank's bottom-line results benefited significantly from lower credit costs with net income rising 87.7% to BRL 5.4 billion.
