Banco Bradesco Sa (BBD) has risen sharply, recording gains of 2.82% in the past 4 weeks. However, the stock has corrected -0.33% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.43% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Banco Bradesco S.A. is up 33.51% in the last 3-month period. Year-to-Date the stock performance stands at 111.47%. The stock has recorded a 20-day Moving Average of 2.28% and the 50-Day Moving Average is 11.47%.
Banco Bradesco Sa (NYSE:BBD): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.03 and $8.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.11, notching a gain of 0.11% for the day. The total traded volume was 5,547,482 . The stock had closed at $9.10 on the previous day.
Also, Equity Analysts at the Brokerage Firm, UBS, downgrades their rating on the shares of Banco Bradesco Sa (NYSE:BBD). UBS has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 5, 2016.
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.