Analyst Consensus ?
ConsensusHold13 ratings
Bullish323.1%
Neutral861.5%
Bearish215.4%
Banco Bradesco S.A. · BBDO · FY2024 Q2 · Calendar Q3 2024
Bradesco reports stronger loan growth while maintaining guidance
Bradesco's quarter supports a constructive operating trajectory: loan growth, higher client net interest income, insurance gains and maintained guidance point to improving earnings momentum. The thesis remains dependent on spread recovery, credit quality and disciplined transformation spending.
Reported Before market openNYSEFinancial Services
$41.01B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.09
Consensus —
EPS surprise
—
Reported versus consensus
Reported revenue
$12.94B
Consensus —
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+8.5%
Event window
SPY move
-2.9%
Same window
Abnormal move
+11.4%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
+15.7%
Up to 20 sessions
BBDOSPY benchmark
Ask FN2 about BBDO FY2024 Q2
Transcript, numbers and history already loaded
What drove BBDO's +8.5% move after FY2024 Q2 earnings?What changed in BBDO's guidance and outlook in FY2024 Q2?Give me the bull and bear case for BBDO after FY2024 Q2 earnings.
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current quarter shows faster loan-book expansion, stronger net income momentum and broader emphasis on digital origination, GenAI and platform rollout. Management also highlighted insurance growth and maintained its guidance.
Guidance delta
Guidance was maintained; the analysis indicates implicit profit above the midpoint and a roughly 40% efficiency-ratio target by 2028.
Key takeaways
- Net income increased quarter over quarter, supported by loan growth and higher client net interest income.
- The loan portfolio expanded beyond BRL912 billion, with strength in SME/MSME and digital channels.
- Insurance earnings improved, while expenses remained controlled despite consolidation impacts.
- Management emphasized digital platforms, machine-learning credit tools and GenAI as part of its transformation agenda.
Management priorities
- Expand SME/MSME, payroll and digital loan origination.
- Complete the Bradesco Expresso rollout and pursue related cost reductions.
- Launch an affluent-client segment and a new mobile-app experience.
- Increase technology hiring and expand GenAI use across client-facing and internal processes.
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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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Latest beats and misses
Who reports nextBeat on EPS
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- 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
Get the BBDO recap when the next report posts
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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 · 2026-10-24T13:30:43.748164+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 2026-10-24. For educational purposes only; not investment advice.