- Banco do Brasil reported an adjusted net income of R$3.79 billion for the third quarter, surpassing the estimate of R$3.55 billion.
- The company’s return on equity stood at 8.4%, a decline from 21.1% year-over-year, but higher than the estimate of 7.61%.
- The expanded loan portfolio reached R$1.28 trillion.
- Banco do Brasil’s Tier 1 capital ratio improved to 13.9%, compared to 13.5% year-over-year, and exceeded the estimate of 13%.
- In its yearly forecast, the bank expects an adjusted net income ranging from R$18 billion to R$21 billion, revised down from the previous forecast of R$21 billion to R$25 billion.
- The company approved JCP (interest on capital) amounting to R$410.6 million.
- Market recommendations for Banco do Brasil’s stock include 4 buys, 12 holds, and 1 sell.
A look at Banco do Brasil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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 Smart Scores, Banco do Brasil S.A. seems to have a positive long-term outlook based on its overall ratings. With a high Dividend score of 5 and a solid Value score of 4, investors may find the company attractive for potential returns and stability. Additionally, the Momentum score of 4 indicates a positive trend in the market for Banco do Brasil. However, the company scores lower in terms of Growth and Resilience, with scores of 3 and 2 respectively.
Banco do Brasil S.A. is a financial institution that accepts deposits and provides various banking services such as consumer, commercial, and agribusiness loans. Additionally, the bank offers asset management, insurance, credit cards, and Internet banking services. Despite some mixed scores on different factors, Banco do Brasil’s strong Dividend and Value scores may make it a compelling choice for investors looking for stable returns over the long term.
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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