- BB Seguridade reported an IFRS net of R$2.33 billion for the third quarter, which is a 3.7% increase from the previous year.
- The company’s IFRS net was slightly below the estimate of R$2.35 billion.
- Net income for the quarter reached R$2.56 billion, marking a 13% increase year-over-year.
- Adjusted non-interest operating result showed an increase of 4.1%.
- Forecasts for the year include a minor variation in Brasilseg written premiums, expected to be between a decrease of 4% and an increase of 1%.
- Brasilprev pension plans reserves are projected to grow between 9% and 12%.
- The adjusted non-interest operating result is forecasted to grow between 1% and 4%.
- Analysts’ ratings include 5 buy recommendations and 10 hold recommendations, with no sell recommendations.
A look at Banco do Brasil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
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
Based on the Smartkarma Smart Scores, Banco do Brasil has a positive long-term outlook. The company scores high in Dividend and Value, indicating strong performance in these areas. With a lower score in Resilience, it suggests that the company may face challenges in this aspect. Despite scoring average in Growth and Momentum, Banco do Brasil’s focus on Dividend and Value could be seen as a stable and promising investment option for the long term. Banco do Brasil S.A. is known for attracting deposits and providing a wide range of banking services, including loans, asset management, insurance, 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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