Analyst Consensus ?
ConsensusHold16 ratings
Bullish637.5%
Neutral956.3%
Bearish16.2%
Banco Bradesco S.A. · BBD · FY2024 Q2 · Calendar Q3 2024
Bradesco: loan growth and transformation support reaffirmed guidance
The quarter provides evidence for a constructive operating trajectory: loan growth, improving credit metrics, controlled expenses and digital execution supported higher income, while reaffirmed guidance preserves the case for continued improvement. The main test is whether NII, credit costs and fee income remain durable in a more difficult macro environment.
Reported Before market openNYSEFinancial Services
$42.10B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.08
Consensus $0.08
EPS surprise
0.0%
Reported versus consensus
Reported revenue
$12.94B
Consensus $5.43B
Revenue surprise
+138.3%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+8.1%
Event window
SPY move
-2.9%
Same window
Abnormal move
+11.1%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
+17.6%
Up to 20 sessions
BBDSPY benchmark
Ask FN2 about BBD FY2024 Q2
Transcript, numbers and history already loaded
Why did BBD rise 8.1% after beating EPS estimates in FY2024 Q2?What changed in BBD's guidance and outlook in FY2024 Q2?Give me the bull and bear case for BBD after FY2024 Q2 earnings.
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Transcript intelligence
What changed
Relative to the prior quarter, net income increased 12% quarter on quarter, the loan portfolio expanded to BRL912 billion, and NPL and coverage ratios improved. Management also moved from highlighting planned digital initiatives to reporting continued progress on transformation, while reaffirming guidance and pointing to stronger second-half performance.
Guidance delta
Guidance was reaffirmed, with implicit profit above the midpoint and management expecting stronger performance in the second half.
Key takeaways
- Net income rose 12% quarter on quarter, supported by loan growth, higher client NII and lower loan-loss provisions.
- The loan portfolio reached BRL912 billion, with strength in SME and payroll lending; NPL and coverage ratios improved.
- Fee, commission and insurance income increased, while operating expenses remained controlled.
- Digital initiatives, machine-learning credit models, Bradesco Expresso and a GenAI-enabled app remain central to the transformation plan.
Management priorities
- Expand SME, payroll and digital lending with improved pricing and risk models.
- Complete the Bradesco Expresso rollout and launch the new affluent-client segment and AI-enhanced app.
- Continue the transformation program targeting an efficiency ratio of about 40% by 2028.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$4.07Current
$3.2Low
$3.77Average
$4.2High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 24, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| HSBC | Hold | Buy | Downgrade | Oct 8, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Oct 6, 2026 |
| Goldman Sachs | Neutral | Sell | Upgrade | Oct 14, 2025 |
| Citigroup | Buy | Neutral | Upgrade | May 28, 2025 |
| B of A Securities | Buy | Neutral | Upgrade | May 8, 2025 |
| HSBC Securities | Buy | Hold | Upgrade | Jan 13, 2025 |
| Jefferies | Hold | Buy | Downgrade | Feb 9, 2024 |
| Barclays | Equal Weight | Equal Weight | Maintain | Mar 7, 2023 |
| Itau BBA | Market Perform | Outperform | Downgrade | Sep 13, 2021 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Aug 7, 2019 |
| UBS | Neutral | Buy | Downgrade | May 5, 2016 |
| Deutsche Bank | Hold | Buy | Downgrade | Mar 22, 2016 |
| Scotiabank | Underperform | Underperform | Maintain | Mar 15, 2016 |
| Bank of America | Buy | Neutral | Upgrade | Mar 14, 2016 |
| Canaccord Genuity | Neutral | Outperform | Downgrade | Apr 9, 2015 |
| GBM | Market Perform | Market Underperform | Upgrade | Jul 23, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $4.07. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Goldman Sachs | Analyst unavailable | $4.2 | $4.24 | +3.2% | Oct 9, 2026 |
| HSBC | Analyst unavailable | $3.9 | $4.34 | -4.2% | Oct 8, 2026 |
| Goldman Sachs | Tito Labarta | $3.2 | $2.75 | -21.4% | Aug 19, 2024 |
Track every rating change on BBD the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBanco Bradesco S.A., along with its affiliated entities, functions as a prominent financial institution delivering a broad spectrum of banking and financial services. These offerings cater to individual clients, corporate organizations, and various businesses, operating both within Brazil and across international markets. Its operations are structured around two core divisions: Banking and Insurance. Within its Banking division, it facilitates a range of deposit accounts, including checking, savings, and specialized options.…
Historical context
All BBD earningsFinancial Services peers this season
Latest reports in the same sector
Latest beats and misses
Who reports nextBeat on EPS
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
- FCNCOFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- FCNCPFY2026 Q3 · October 23, 2026+19.9% EPS+1.0% move
- RDYFY2027 Q2 · October 23, 2026+24.0% EPS-0.2% move
- SLBFY2026 Q3 · October 23, 2026+3.7% EPS+7.1% move
Missed on EPS
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
- HBANMFY2026 Q3 · October 22, 2026-5.3% EPS+0.5% move
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-10-17T05:10:49.140638+00:00
- Polygon adjusted daily market bars · 2026-10-24T09:10:43.916139+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-24T09:10:43.913428+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-24. For educational purposes only; not investment advice.