<div id="readability-page-1" class="page"><p>Banco Bradesco (NYSE:BBD - Get Free Report) announced its earnings results on Wednesday. The bank reported $0.09 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02), Zacks reports. Banco Bradesco had a net margin of 9.76% and a return on equity of 12.96%.</p><div><p><span></span><span>Get <strong>Banco Bradesco</strong> alerts:</span></p></div><h2>Banco Bradesco Stock Up 4.2%</h2><p>NYSE:BBD traded up $0.14 during mid-day trading on Wednesday, hitting $3.53. 79,601,301 shares of the company's stock were exchanged, compared to its average volume of 62,970,664. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The company has a market cap of $37.58 billion, a PE ratio of 10.09, a P/E/G ratio of 0.41 and a beta of 0.75. Banco Bradesco has a one year low of $1.84 and a one year high of $3.55. The business has a fifty day moving average price of $3.19 and a 200 day moving average price of $2.92. </p><h2>Banco Bradesco Cuts Dividend</h2><p>The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 8th. Investors of record on Wednesday, November 5th will be paid a dividend of $0.0035 per share. The ex-dividend date of this dividend is Wednesday, November 5th. This represents a c) annualized dividend and a yield of 1.2%. Banco Bradesco's payout ratio is presently 8.57%. </p><h2>Institutional Inflows and Outflows</h2><p>Several large investors have recently bought and sold shares of BBD. Millennium Management LLC raised its holdings in  Banco Bradesco by 28.4% in the first quarter. Millennium Management LLC now owns 6,834,192 shares of the bank's stock worth $15,240,000 after buying an additional 1,510,481 shares during the last quarter.  Jones Financial Companies Lllp raised its holdings in  Banco Bradesco by 3,749.8% in the first quarter. Jones Financial Companies Lllp now owns 38,613 shares of the bank's stock worth $86,000 after buying an additional 37,610 shares during the last quarter.  Goldman Sachs Group Inc. raised its holdings in  Banco Bradesco by 116.9% in the first quarter. Goldman Sachs Group Inc. now owns 33,132,112 shares of the bank's stock worth $73,885,000 after buying an additional 17,853,712 shares during the last quarter.  Sivia Capital Partners LLC purchased a new position in  Banco Bradesco in the second quarter worth about $62,000.  Finally, JPMorgan Chase &amp; Co. raised its holdings in  Banco Bradesco by 22.0% in the second quarter. JPMorgan Chase &amp; Co. now owns 964,959 shares of the bank's stock worth $2,982,000 after buying an additional 174,126 shares during the last quarter. </p><h2>Analyst Upgrades and Downgrades</h2><p>Separately, Weiss Ratings  reaffirmed a &#34;hold (c+)&#34; rating on shares of Banco Bradesco in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one  has given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of &#34;Hold&#34; and an average price target of $2.40.</p><p><b>View Our Latest Stock Analysis on Banco Bradesco</b></p><h2>Banco Bradesco Company Profile</h2> (Get Free Report)<p>Banco Bradesco SA, together with its subsidiaries, provides various banking products and services to individuals, corporates, and businesses in Brazil and internationally. The company operates through two segments, Banking and Insurance. It provides current, savings, click, and salary accounts; real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing, and personal and installment credit; overdraft and agribusiness loans; debit and business cards; financial and security services; consortium products; car, personal accident, dental, travel, and life insurance; investment products; pension products; foreign currency exchange services; capitalization bonds; and internet banking services.</p><h2>Read More</h2><ul><li>Five stocks we like better than Banco Bradesco</li><li>Canada Bond Market Holiday: How to Invest and Trade </li><li>These 3 High-Momentum ETFs Are Riding the Tech Wave</li><li>Overbought Stocks Explained: Should You Trade Them?</li><li>Verizon Results Trigger Rebound in High-Yield Stock</li><li>Why Understanding Call Option Volume is Essential to Successful Options Trading</li><li>Picks &amp; Shovels: Investing in the Physical Foundation of AI</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJCRA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/EarningsChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPUJCRA"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Banco Bradesco Right Now?</h2><p>Before you consider Banco Bradesco, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Banco Bradesco wasn't on the list.</p><p>While Banco Bradesco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Banco Bradesco (NYSE:BBD) reported quarterly earnings of $0.09 per share, missing analysts' expectations of $0.11 by $0.02. The bank's net margin was 9.76% with a return on equity of 12.96%. The stock rose 4.2% to $3.53 following the announcement. Additionally, the bank announced a monthly dividend of $0.0035 per share, with a yield of 1.2%. Analysts maintain a consensus rating of "Hold" with an average price target of $2.40.</p>

Banco Bradesco (NYSE:BBD) Releases Earnings Results, Misses Expectations By $0.02 EPS