Analyst Consensus ?
ConsensusHold13 ratings
Bullish323.1%
Neutral861.5%
Bearish215.4%
Banco Bradesco S.A. · BBDO · FY2024 Q1 · Calendar Q2 2024
Bradesco returns to loan growth as transformation advances
The current analysis supports a cautiously constructive operating picture: loan growth resumed, insurance earnings were strong, expenses remained controlled and management reaffirmed guidance. The longer-term case still depends on executing the transformation plan while containing credit and funding pressures.
Reported Before market openNYSEFinancial Services
$41.01B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.08
Consensus —
EPS surprise
—
Reported versus consensus
Reported revenue
$73.80B
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+0.8%
Event window
SPY move
+0.9%
Same window
Abnormal move
-0.1%
Stock minus SPY
Volume
0.6×
Versus trailing sessions
Subsequent drift
-7.5%
Up to 20 sessions
BBDOSPY benchmark
Ask FN2 about BBDO FY2024 Q1
Transcript, numbers and history already loaded
What drove BBDO's +0.8% move after FY2024 Q1 earnings?What changed in BBDO's guidance and outlook in FY2024 Q1?Give me the bull and bear case for BBDO after FY2024 Q1 earnings.
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Transcript intelligence
What changed
Versus the prior analysis, the tone improved from cautious to confident: loan growth resumed, the transformation plan was described as on schedule, operating-cost growth stayed below inflation, and full-year guidance was reaffirmed.
Guidance delta
Maintained: management reaffirmed full-year guidance for net interest income and profitability.
Key takeaways
- Loan portfolio growth resumed after two quarters of decline, led by payroll, mortgage and SME segments.
- Operating expenses grew below inflation, while insurance remained a strong earnings contributor.
- Management said the transformation plan is on schedule, with digital, branch and credit initiatives progressing.
- Credit quality improved, but spreads, funding costs and mass-market and SME provisions remain important watchpoints.
Management priorities
- Expand payroll, mortgage, SME and corporate lending while improving credit models.
- Continue the transformation plan, including branch-footprint changes and digital expansion.
- Scale Bradesco Expresso and expand merchant adoption nationwide.
- Continue technology, digital and credit hiring.
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Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Barclays | Equal Weight | Equal Weight | Maintain | Mar 6, 2023 |
| Goldman Sachs | Neutral | Neutral | Maintain | Feb 16, 2023 |
| B of A Securities | Neutral | Buy | Downgrade | Nov 8, 2022 |
| Itau BBA | Perform | Outperform | Downgrade | Sep 13, 2021 |
| JP Morgan | Overweight | Overweight | Maintain | Mar 26, 2020 |
| Morgan Stanley | Overweight | Equal Weight | Upgrade | Aug 6, 2019 |
| UBS | Neutral | Buy | Downgrade | May 4, 2016 |
| Citigroup | Sell | Neutral | Downgrade | Apr 7, 2016 |
| Deutsche Bank | Hold | Buy | Downgrade | Mar 21, 2016 |
| Scotiabank | Underperform | Underperform | Maintain | Mar 15, 2016 |
| Bank of America | Buy | Neutral | Upgrade | Mar 14, 2016 |
| Canaccord Genuity | Neutral | Outperform | Downgrade | Apr 8, 2015 |
| GBM | Perform | Market Underperform | Upgrade | Jul 23, 2013 |
Track every rating change on BBDO the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationBanco Bradesco S.A., together with its subsidiaries, provides various banking products and services in Brazil and internationally. The company operates in two segments, Banking and Insurance. It engages in banking operations, including investment, national, international, and private banking, as well as investment fund management, consortium administration, middle market and corporate activities, and leasing. The company also provides retail banking products, such as demand, savings, and time deposits, as well as mutual funds, foreign exchange services, and various loans and advances comprising overdrafts, credit cards, and loans with repayments in installments; and fund…
Historical context
All BBDO earningsFinancial Services peers this season
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Missed on EPS
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- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
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- 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 · 2024-11-11T06:39:45.180704+00:00
- Polygon adjusted daily market bars · 2026-10-26T16:20:45.341149+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.
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 2026-10-26. For educational purposes only; not investment advice.