- Banco do Brasil’s adjusted net income for the second quarter was R$3.78 billion, falling short of the estimated R$5.03 billion.
- The bank’s total assets were valued at R$2.44 trillion.
- Net interest income during the period amounted to R$25.06 billion.
- Return on equity stood at 8.4%, which was below the expected 10.9%.
- Fee and commission income totaled R$8.75 billion.
- The Tier 1 capital ratio was at 13.3%, slightly exceeding the estimate of 13%.
- Analysts’ ratings include 5 buy recommendations, 10 hold recommendations, and 2 sell recommendations for Banco do Brasil’s stock.
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
Based on the Smartkarma Smart Scores, Banco do Brasil S.A. is positioned favorably for long-term success. The company excels in areas such as value and dividends, receiving high scores of 5 in both categories. This indicates a solid financial standing and a commitment to rewarding shareholders, making Banco do Brasil an attractive investment option for those seeking stable returns.
Although Banco do Brasil shows strength in value and dividends, it scored slightly lower in growth, resilience, and momentum with scores of 4, 2, and 2 respectively. While these scores suggest some areas for improvement, the company’s core focus on attracting deposits and providing a range of banking services positions it well for sustained performance in the competitive financial market.
Summary of Banco do Brasil S.A.: Banco do Brasil S.A. is a banking institution that offers a wide range of financial services including consumer, commercial, and agribusiness loans, asset management, insurance, and Internet banking. With strong scores in value and dividends, Banco do Brasil is seen as a stable and rewarding investment option for long-term investors.
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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