Bank Bradesco SA ADR
BBD: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|wZh | LOCK|!V | LOCK|qgv&@z |
Banco Bradesco Earnings: Credit Continues to Weigh on Otherwise Strong Balance Sheet Growth
Banco Bradesco reported solid third-quarter earnings, primarily driven by strong balance sheet growth and controlled expenses. Net income grew 14.6% from last year to BRL 7.1 billion. These results translate into a return on average equity of 15.6%, up from 14.7% last year.
