Loading...
BBD logo

Banco Bradesco S.A.NYSE:BBD 주식 보고서

시가총액 US$35.2b
주가
US$3.47
US$4.47
22.4% 저평가 내재 할인율
1Y23.9%
7D0%
1D
포트폴리오 가치
​
보기

Banco Bradesco S.A.

NYSE:BBD 주식 리포트

시가총액: US$35.2b

Banco Bradesco (BBD) 주식 개요

방코 브라데스코는 자회사와 함께 브라질 및 전 세계에 다양한 금융 상품과 서비스를 제공하고 있습니다. 자세히 보기

BBD 펀더멘털 분석
스노우플레이크 점수
가치 평가5/6
미래 성장3/6
과거 실적3/6
재무 건전성3/6
배당5/6

강점

공정 가치 추정치보다 낮은 44.4% 에서 거래

수익은 매년 7.67% 증가할 것으로 예상됩니다.

지난 1년간 수익이 24.1% 증가했습니다.

동종업계 및 업계 대비 좋은 가치로 거래

위험 분석

불안정한 배당 실적

재무 결과에 영향을 미치는 대규모 일회성 항목


BBD Community Fair Values

Create Narrative

See what 12 others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

Banco Bradesco S.A. 경쟁사

가격 이력 및 성과

Banco Bradesco 주가의 최고가, 최저가 및 변동 요약
과거 주가
현재 주가R$3.47
52주 최고가R$4.30
52주 최저가R$2.66
베타0.33
1개월 변동-14.11%
3개월 변동-17.18%
1년 변동23.93%
3년 변동7.10%
5년 변동-24.86%
IPO 이후 변동335.48%

최근 뉴스 및 업데이트

Seeking Alpha • Apr 08

Bradesco: Operational Efficiency Is Up, But Better Banking Alternatives Remain

Summary Banco Bradesco S.A. has executed a notable turnaround, with revenue up 10% YoY and improved operational efficiency. BBD's loan portfolio quality has stabilized, with restructured assets down from 4.8% to 3.3% and CET1 ratio at 13.2%. Despite improvements, BBD trades at 1.2x P/B and ~15% ROAE, making it less attractive relative to peers like ITUB and BSBR. I maintain a structural Sell on BBD, citing limited upside, macro risks, and stronger alternatives in the Brazilian banking sector. Read the full article on Seeking Alpha
Seeking Alpha • Feb 21

Banco Bradesco's 16% Earnings Yield Is Not So Attractive Amid Its Challenges

Summary Bradesco's 4Q24 results show lagging loan growth, NII, and rising expenses, with key retail categories like credit cards and current accounts shrinking. Despite a 16% earnings yield, Bradesco's valuation is not attractive compared to peers like Santander Brasil and Banco do Brasil, which offer better growth and efficiency. Loan book grew 12% YoY, but the mix favored riskier segments; NII grew only 5.4% YoY, lagging behind loan growth. Operational expenses grew 9% YoY, outpacing revenue growth, continuing a negative trend and justifying a Hold rating on BBD stock. Read the full article on Seeking Alpha

Recent updates

Seeking Alpha • Apr 08

Bradesco: Operational Efficiency Is Up, But Better Banking Alternatives Remain

Summary Banco Bradesco S.A. has executed a notable turnaround, with revenue up 10% YoY and improved operational efficiency. BBD's loan portfolio quality has stabilized, with restructured assets down from 4.8% to 3.3% and CET1 ratio at 13.2%. Despite improvements, BBD trades at 1.2x P/B and ~15% ROAE, making it less attractive relative to peers like ITUB and BSBR. I maintain a structural Sell on BBD, citing limited upside, macro risks, and stronger alternatives in the Brazilian banking sector. Read the full article on Seeking Alpha
Seeking Alpha • Feb 21

Banco Bradesco's 16% Earnings Yield Is Not So Attractive Amid Its Challenges

Summary Bradesco's 4Q24 results show lagging loan growth, NII, and rising expenses, with key retail categories like credit cards and current accounts shrinking. Despite a 16% earnings yield, Bradesco's valuation is not attractive compared to peers like Santander Brasil and Banco do Brasil, which offer better growth and efficiency. Loan book grew 12% YoY, but the mix favored riskier segments; NII grew only 5.4% YoY, lagging behind loan growth. Operational expenses grew 9% YoY, outpacing revenue growth, continuing a negative trend and justifying a Hold rating on BBD stock. Read the full article on Seeking Alpha
Seeking Alpha • Nov 06

Bradesco Still Shows Challenges, And Lags The Market, Only Fairly Valued

Summary Banco Bradesco's 3Q24 results show declining market share, increasing costs, and shrinking margins. Despite this, net income recovered due to lower delinquencies. The bank's loan book grew 8% YoY, but it's losing share in key categories like personal loans, credit cards, and deposits. Lower net interest margins and higher operating expenses are concerning, though improved loan quality has reduced non-performing loans and allowances. Despite challenges, Bradesco's valuation is historically cheap, offering a speculative opportunity with potential for a 14% yield on a $24 billion market cap. Read the full article on Seeking Alpha
Seeking Alpha • Sep 27

Bradesco Q2: Good Trends, But There Is Still Room For Improvement!

Summary Bradesco's 2Q24 results showed improvement in NPLs and margins, but the bank struggles to meet its guidance and improve ROAE. Loan portfolio growth was below guidance, despite a 5% YoY increase, highlighting challenges in achieving annual growth targets. Net interest income and insurance revenues showed positive trends, but overall expenses increased, impacting profitability. Read the full article on Seeking Alpha
Seeking Alpha • Nov 15

Banco Bradesco: Q3 Earnings, The Bottom Is In (Rating Upgrade)

Summary Bradesco's Q3 results showed a mix of positive and negative aspects, including a reduction in delinquency but concerns about clients' net interest income. The bank's Return on Equity (ROE) remains the lowest among domestic peers. Despite an attractive valuation, no short-term triggers were identified to support a consistent re-pricing of the stock. Delinquency improvements were noted, but concerns about the Net Interest Income (NII) with clients arose due to a decline attributed to an unfavorable product mix. Upgrading from bearish to neutral due to recent stock decline, considering $3 target price, Bradesco's dividend potential, and fair valuation. Read the full article on Seeking Alpha
Seeking Alpha • Oct 10

Banco Bradesco: Macro Woes Leave Shares Undervalued

Summary Banco Bradesco is facing no shortage of headwinds right now, with pressure on net interest income, sluggish fee income growth and high provisioning expenses chief among them. Net interest income will get some support now that rates in Brazil are tentatively heading lower, and I'm hopeful that better-than-expected economic performance will help with credit quality. These shares look cheap relative to their recent historical marks, though a combination of macro, Bradesco-specific, and general emerging market risks are things to consider. Read the full article on Seeking Alpha
Seeking Alpha • Jul 26

Bradesco: Lagging Behind Brazil's Top Banks

Summary Bradesco, one of Brazil's largest private banks, is expected by analysts to report weaker financial results due to high provisions and a likely increase in delinquencies amid a challenging macroeconomic situation in Brazil. The bank's misguided lending strategy in recent years, including an excessive provision to cover the debts of troubled companies, has put pressure on its financial results and return indicators. Despite some company improvements, Wall Street expects Bradesco to continue facing pressure from its credit portfolio mix, mainly due to exposure to low-income retail customers and old loans, leading to substantial credit provision expenses throughout 2023. Read the full article on Seeking Alpha
Seeking Alpha • Feb 16

Bradesco: Cleaning Out The Closet

Summary Bradesco misses the mark in its latest quarterly earnings report on massive provisions for the Americanas scandal. The near-term guidance has also been revised lower amid the asset quality overhang. With the bank set to earn below its cost of equity for the foreseeable future, it’s hard to justify a re-rating anytime soon. Brazilian commercial bank Bradesco (BBDO) recently printed a massive earnings miss and guided down, with recurring earnings declining ~78% YoY on provisioning related to the Lojas Americanas (LOAMF) scandal. While some degree of write-down was expected heading into earnings, the extent of the impact surpassed even the most bearish expectations. Not only is the Americanas provisioning at 100%, but the updated FY23 guide implies an ~12% ROE - for context, Bradesco sustained mid-teens % ROEs even through the worst of the COVID impact. Given the bank's outsized exposure to Americanas vs. the other major Brazilian banks, expect more negative disclosures in the coming months. Alongside a higher for longer rate environment and the prospect for an economic slowdown in FY23/FY24, it's hard to see much upside to Bradesco's earnings power this year. The <1x P/Book valuation is optically cheap, but the discount is warranted, in my view, given the prospect of ROE running below the cost of equity through the coming quarters. Pending more comprehensive post-earnings adjustments by the Street (likely in the next few weeks), I wouldn't time a bottom just yet. Data by YCharts Big Miss as Bradesco Clears Out its Lojas Americanas Exposure Expectations were low heading into Q4 - recall that the bank's Q3 2022 results had surprised to the downside, not only due to a jump in provisions but also management commentary indicating that Q4 could see even more deterioration. And with expected breakeven for market net interest income also pushed out to H2 2023, many had earmarked Q3 as the 'kitchen sinking' quarter. Yet, Bradesco's Q4 still disappointed, as net income of R$1.6bn implied a ~4% ROE (vs. the current Brazilian risk-free rate of 13-14%). Some context is needed, though - a large chunk of the miss was down to outsized 100% provision for the bank's Americanas exposure. But excluding the one-off Americanas P&L hit, net income of R$4.26bn would still have equated to a below par ~10% ROE, reflecting fundamental weakness as well. The only silver lining was in Bradesco's insurance segment (+22% YoY), though the higher cost of risk, fee income weakness, and continued opex pressure more than offset any strength here. Bradesco Asset Quality Overhang Adds to P&L Woes Provisions were the key highlight this quarter, and unsurprisingly, net loan loss provisions were up a massive ~250% YoY to R$14.9bn due to a wholesale R$4.9bn provision for Americanas. Even breaking out the Americanas contribution, though, Bradesco's asset quality would still have been poor. To recap, the 90-day NPL formation came in +46bps higher QoQ at 6.8% (7.2% including the renegotiated portfolio) on deterioration across its individual and small/medium business ((SMB)) book. This compares to a smaller low-teens bps deterioration for key peer Itau (ITUB), reflecting Bradesco's relatively lower-quality, retail-focused portfolio. The +50bps QoQ early delinquency was another concern, headlined by a ~110bps deterioration for SMBs amid a challenging operating environment. Bradesco While bulls might argue that the asset quality deterioration is a one-off (vs. structural) event, the resulting decline in Bradesco's capital ratio will weigh on the P&L. For context, the tier-1 common equity ratio now stands at 11.0% - ~110 bps lower due to adverse regulatory changes and prudential adjustments, in addition to the P&L impact. Given the bank's concentration on the lower-income segment, as well as underserved regions, Bradesco should suffer more in an economic downturn (and vice-versa). So depending on when real purchasing power recovers and inflation subsides, Bradesco could underperform peers with higher-quality books. Weaker FY23 Guidance a Sign of Things to Come Beyond the Q4 letdown, Bradesco's guidance also came as a negative surprise. To recap, net interest income growth is guided to slow to +9% at the midpoint, while net provisions will remain elevated at +38% YoY on an underlying basis (+19% YoY including the Americanas impact). This points not only to more asset quality headwinds in retail (individuals/SMB) but also a more conservative outlook for the wholesale segment in a 'higher for longer' rate environment. Another likely contributor to the disappointing P&L guidance is the smaller loan portfolio as management actively de-risks the Americanas exposure and the resulting impact of lower interest revenue on the loan book. Bradesco
Seeking Alpha • Feb 10

Banco Bradesco reports Q4 results

Banco Bradesco (NYSE:BBD): Q4 Net income R$1.59B Revenue of R$16.68B (-1.7% Y/Y). Press release
Seeking Alpha • Jan 04

Banco Bradesco declares $0.0032 dividend

Banco Bradesco (NYSE:BBD) declares $0.0032/share monthly dividend, in line with previous. Forward yield 1.51% Payable March 20; for shareholders of record Jan. 10; ex-div Jan. 9. See BBD Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Nov 08

Banco Bradesco Recurring Net Income of R$2.41 per share

Banco Bradesco press release (NYSE:BBD): Q3 recurring Net Income of R$2.41 per share. Operating Income of R$7.05B (-33.5% Y/Y) Net Interest Income of R$16.28B (+3.7% Y/Y).
Seeking Alpha • Sep 01

Banco Bradesco goes ex-dividend tomorrow

Banco Bradesco (NYSE:BBD) had declared $0.0034/share monthly dividend, 6.3% increase from prior dividend of $0.0032. Payable Oct. 10; for shareholders of record Sept. 6; ex-div Sept. 2. See BBD Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Aug 01

Banco Bradesco goes ex-dividend tomorrow

Banco Bradesco (NYSE:BBD) had declared $0.003/share monthly dividend, in line with previous. Payable Sept. 9; for shareholders of record Aug. 3; ex-div Aug. 2. See BBD Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • Jun 30

Banco Bradesco goes ex-dividend tomorrow

Banco Bradesco (NYSE:BBD) had declared $0.003/share monthly dividend. Payable Aug. 10; for shareholders of record July 5; ex-div July 1. See BBD Dividend Scorecard, Yield Chart, & Dividend Growth.
Seeking Alpha • May 20

Banco Bradesco: Navigating Brazil's Economic Setbacks

Banks in Brazil will be under considerable pressure this year, as NPLs rise, credit growth decreases, and macroeconomic conditions become worse. Banco Bradesco is on track to deliver strong growth, and the bank's NPLs are still at a reasonable level. Brazil is still a stand out among other emerging markets, as it provides exposure to commodities and may be able to rise within MSCI Emerging Markets in the future.

주주 수익률

BBDUS BanksUS 시장
7D0%3.2%1.0%
1Y23.9%22.4%28.7%

수익률 대 산업: BBD은 지난 1년 동안 22.4%의 수익을 기록한 US Banks 산업보다 더 좋은 성과를 냈습니다.

수익률 대 시장: BBD은 지난 1년 동안 28.7%를 기록한 US 시장보다 저조한 성과를 냈습니다.

주가 변동성

Is BBD's price volatile compared to industry and market?
BBD volatility
BBD Average Weekly Movement5.5%
Banks Industry Average Movement3.5%
Market Average Movement7.2%
10% most volatile stocks in US Market16.4%
10% least volatile stocks in US Market3.1%

안정적인 주가: BBD는 지난 3개월 동안 US 시장에 비해 주가 변동성이 크지 않았습니다.

시간에 따른 변동성: BBD의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.

회사 소개

설립직원 수CEO웹사이트
194369,653Marcelo de Araujo Noronhabanco.bradesco

방코 브라데스코는 자회사와 함께 브라질 및 전 세계에 다양한 금융 상품과 서비스를 제공하고 있습니다. 이 회사는 은행과 보험의 두 부문으로 운영됩니다. 투자, 국내, 국제, 프라이빗 뱅킹은 물론 투자 펀드 관리, 컨소시엄 관리, 중간 시장 및 기업 활동, 임대 등 은행 업무에 종사하고 있습니다.

Banco Bradesco S.A. 기초 지표 요약

Banco Bradesco의 순이익과 매출은 시가총액과 어떻게 비교됩니까?
BBD 기초 통계
시가총액US$35.16b
순이익 (TTM)US$4.62b
매출 (TTM)US$18.22b
8.0x
주가수익비율(P/E)
1.0x
주가순자산비율(P/B)

BBD는 고평가되어 있습니까?

공정 가치 및 평가 분석 보기

순이익 및 매출

최근 실적 보고서(TTM)의 주요 수익성 지표
BBD 손익계산서 (TTM)
매출R$91.67b
매출원가R$1.16b
총이익R$90.51b
기타 비용R$67.27b
순이익R$23.25b

최근 보고된 실적

Mar 31, 2026

다음 실적 발표일

Jul 29, 2026

주당순이익(EPS)2.20
총이익률98.74%
순이익률25.36%
부채/자본 비율469.2%

BBD의 장기 실적은 어땠습니까?

과거 실적 및 비교 보기

배당

6.9%
현재 배당 수익률
58%
배당 성향

BBD는 안정적으로 배당을 지급합니까?

BBD 배당 기록 및 벤치마크 보기
다가오는 배당을 받으려면 언제까지 BBD를 매수해야 하나요?
Banco Bradesco 배당 일정
배당락일Dec 31 2025
배당 지급일Aug 07 2026
배당락일까지 남은 일수144 days
배당 지급일까지 남은 일수75 days

BBD는 안정적으로 배당을 지급합니까?

BBD 배당 기록 및 벤치마크 보기

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/05/22 15:32
종가2026/05/22 00:00
수익2026/03/31
연간 수익2025/12/31

데이터 소스

당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.

패키지데이터기간미국 소스 예시 *
기업 재무제표10년
  • 손익계산서
  • 현금흐름표
  • 대차대조표
분석가 컨센서스 추정치+3년
  • 재무 예측
  • 분석가 목표주가
시장 가격30년
  • 주가
  • 배당, 분할 및 기타 조치
지분 구조10년
  • 주요 주주
  • 내부자 거래
경영진10년
  • 리더십 팀
  • 이사회
주요 개발10년
  • 회사 공시

* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.

별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.

분석 모델 및 스노우플레이크

이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.

Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.

산업 및 섹터 지표

산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.

분석가 소스

Banco Bradesco S.A.는 23명의 분석가가 다루고 있습니다. 이 중 11명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Roberto de Aguiar AttuchBarclays
Rafael ReisBB Banco de Investimento S.A.
Mario Lucio PierryBofA Global Research