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$9.69 -0.48 (-4.72%)
10/10/2008 4:00 PM

Banco Bradesco S.A. (ADR) (BBD)

CAPS Rating:
****

The Company offers a range of banking and financial products and services in Brazil and abroad to individuals, small to mid-sized companies and major local and international corporations and institutions.

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Recs

7

Avatar xfranco4bcn (84.55) Submitted: 2/08/08 10:28 AM : Outperform Start Price: $16.83 BBD Score: -8.52

Too much beating on the stock since beginning of the year, as many other financial companies. It is in a 12-month low.

But this bank is holding a 20% market share of the Brazilian commercial banking business, good efficiency and most important, excellent macroeconomic outlook: country growth, and interest rates cuts, which contribute to higher margins. It expect it to clearly outperform.

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