Banco Bradesco SA (ADR) (BBD) was Downgraded by Barclays to ” Equal Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Barclays advised their investors in a research report released on Apr 27, 2016.
Many Wall Street Analysts have commented on Banco Bradesco SA (ADR). Banco Bradesco SA (ADR) was Downgraded by Citigroup to ” Sell” on Apr 8, 2016. Banco Bradesco SA (ADR) was Upgraded by BofA/Merrill to ” Buy” on Mar 14, 2016.
Banco Bradesco SA (ADR) closed down -0.03 points or -0.42% at $7.14 with 61,31,779 shares getting traded on Friday. Post opening the session at $7.08, the shares hit an intraday low of $7.015 and an intraday high of $7.19 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
Banco Bradesco S.A. (the Bank) is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals companies and local and international corporations and institutions. Its products and services include banking operations such as loans and advances and deposit-taking credit card issuance purchasing consortiums insurance leasing payment collection and processing pension plans asset management and brokerage services. The Bank operates in two segments: banking and insurance. The banking segment includes a range of banking activities serving individual and corporate customers in the investment banking national and international banking operations and asset management and consortium administration operations. The insurance segment covers auto health life accident and property insurance and pension plans as well as capitalization bonds.