- BB Seguridade’s IFRS net income for the second quarter reached R$2.35 billion, showing a 9.8% increase compared to the same period last year.
- This figure exceeded analysts’ estimates, which projected an IFRS net income of R$2.21 billion.
- The company’s net income rose significantly by 30% year-over-year, amounting to R$2.30 billion.
- Adjusted net income recorded a 20% increase year-over-year, totaling R$2.24 billion.
- In the analysts’ coverage, BB Seguridade received five buy ratings, nine hold ratings, and one sell rating.
A look at Banco do Brasil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 5 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 2 | |
| 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
Looking ahead, Banco do Brasil S.A. appears to have a promising long-term outlook based on its Smartkarma Smart Scores. With a high Value score of 5, the company is perceived to have strong fundamentals relative to its market price. Similarly, the top-notch Dividend score of 5 suggests that Banco do Brasil is likely to provide attractive dividend payouts to its investors. While the Growth score of 4 indicates that the company has solid potential for future expansion, its Resilience score of 2 and Momentum score of 2 suggest some challenges in terms of stability and market performance.
Banco do Brasil S.A. is a leading bank that attracts deposits and offers a wide range of banking services, including consumer, commercial, and agribusiness loans, asset management, and insurance. Overall, with strong Value and Dividend scores, Banco do Brasil seems well-positioned for long-term success, despite facing some resilience and momentum challenges.
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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