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Banco Bradesco Sa (BBD)
NYSE:BBD
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.09Last Year’s EPS
$0.06Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -24.73%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook, with strong growth in profitability, an expanding loan book, and significant improvements in the insurance segment. While there are some challenges, such as the negative impact of Cielo's consolidation and potential interest rate hikes, the overall performance and strategic initiatives indicate a robust position for Bradesco going forward.Company Guidance
In the Q3 2024 earnings call for BBDC4.SA, Marcelo de Noronha highlighted the company's robust financial performance, with a recurring net income of BRL 5.2 billion, marking an 11% growth from the previous quarter. The total revenue for the quarter was BRL 30.6 billion, reflecting a 3.7% increase quarter-on-quarter. The net interest income rose by 2.7%, while the insurance group saw an 8.7% growth. The loan portfolio also expanded by 3.5%, reaching nearly BRL 944 billion, with significant growth in small and medium-sized enterprises (SMEs) up by almost 17%. The company emphasized a focus on risk-adjusted return (RAR) and highlighted a reduction in loan loss provisions due to improved credit quality. Additionally, the insurance group delivered a return on average equity (ROAE) of nearly 24%, and operating expenses grew as expected. Bradesco also announced the launch of a new segment targeting high net worth individuals and a continued effort in footprint adjustments, which included the closure of 1,041 points of sale, exceeding their target of 1,000.Solid Profitability Growth
Bradesco reported a recurring net income of BRL 5.2 billion, growing almost 11% compared to the second quarter of 2024. The bank continues to deliver consistent step-by-step growth, with profitability driven by client NII and a reduction in loan loss provision expenses.
Loan Book Expansion
The loan book reached almost BRL 944 billion, growing 3.5% quarter-on-quarter. Notably, loans to individuals grew by 10%, and small and medium-sized enterprises (SMEs) increased by almost 17%.
Insurance Group Performance
The insurance group delivered a strong ROAE of nearly 24%, with premium revenue growth and a net income of BRL 2.4 billion, representing an 8.1% growth quarter-on-quarter.
Improved Operating Efficiency
Operating expenses grew by only 0.6% quarter-on-quarter (excluding Cielo), and the bank is on track with its footprint revision, having adjusted over 1,041 points of sale.
New Segment Launch for High Net Worth Individuals
Bradesco launched a new segment targeting high net worth individuals, aiming to enhance customer satisfaction and profitability through a differentiated value proposition.
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BBD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BBD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $2.56 | $2.46 | -3.91% |
| Aug 05, 2024 | $2.17 | $2.35 | +8.29% |
| May 02, 2024 | $2.60 | $2.60 | 0.00% |
| Feb 07, 2024 | $3.20 | $2.70 | -15.63% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Banco Bradesco Sa (BBD) report earnings?
Banco Bradesco Sa (BBD) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Banco Bradesco Sa (BBD) earnings time?
Banco Bradesco Sa (BBD) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BBD EPS forecast?
BBD EPS forecast for the fiscal quarter 2024 (Q4) is $0.09.
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