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Banco Bradesco Sa American Depositary Shares

BBD · NYSE

Symbol: BBD
Type: Stock
Sector: Finance
Industry: State Commercial Banks
Exchange: NYSE

Banco Bradesco is Brazil's second largest private bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 20%-25% market share. The bank is majority controlled by the Bradesco foundation--a private non-profit institution focused on education. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%. The bank is also a major asset manager with high-single-digit market share.

Key Issues

Bullish view

The consensus mean target is $3.70 versus the latest $3.49 close, while Fintel reports a higher average one-year target of $4.22 and a high estimate of $4.98.

Bearish view

StockAnalysis reports an average target of $3.54, only modestly above the latest close, and the available consensus has no stated low or high targets.