- BB Seguridade reported a Q1 net income of R$1.84 billion, a year-on-year increase of 4.7%. This, however, missed the estimations which were pegged at R$1.9 billion.
- The net investment income of the company significantly slumped by 35% y/y to R$220.9 million.
- The adjusted non-interest operating result was 10.9%, compared to 40.6% in the corresponding period of the previous year.
- Brasilseg written premiums saw a strong growth of 15.3% while Brasilprev pension plans reserves registered an increase of 14.5%.
- For the year, BB Seguridade forecasts the growth of Brasilseg written premiums between 8% and 13%. The growth of Brasilprev pension plans reserves is predicted to be between 8% and 12%.
- Even though the first quarter results seem mixed, the company still estimates adjusted non-interest operating result to be between 5% and 10% for the rest of the year.
- Currently, there are 5 buys, 8 holds, and 1 sell for BB Seguridade’s stock in the market.
A look at Banco do Brasil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma’s assessment, Banco do Brasil is regarded positively for its long-term outlook. The bank has received high scores in key areas such as Dividend (5), Value (4), Growth (4), and Momentum (4), indicating strong performance in these aspects. This suggests that Banco do Brasil is positioned well to provide stable returns to investors while also showing potential for growth and value appreciation in the future.
However, the bank scored lower in Resilience (2), suggesting some level of vulnerability to external economic challenges. Despite this, Banco do Brasil’s overall outlook remains optimistic, with its focus on attracting deposits and offering a wide range of banking services, including consumer, commercial, and agribusiness loans, asset management, insurance, credit cards, and Internet banking services.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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