Market Intelligence Center  Feb 25  Comment 
After closing Tuesday at $13.36, Banco Bradesco (BBD) presents an attractive opportunity to get a 7% return in just 114 days, which is an annualized return of 22.40% (for comparison purposes only). To enter this trade, sell one Jun. '15 $13.00...
Market Intelligence Center  Feb 12  Comment 
Banco Bradesco (BBD) was selected by MarketIntelligenceCenter.com’s trade-picking algorithms today after trading between $11.82 and $12.13 on Wednesday before closing at $12.04. A diagonal spread using a long position in the Jan. '16 $10.00 call...
TheStreet.com  Jan 30  Comment 
NEW YORK (TheStreet) -- Shares of Banco Bradesco  fell 6.67% to $12.47 in late morning trading Friday after Brazil's second-largest private sector bank reduced its lending growth forecast for 2015 compared to 2014, according to Reuters. The...
Wall Street Journal  Jan 29  Comment 
Banco Bradesco assumed a conservative outlook for the expansion of its 2015 credit portfolio, as the country’s struggling economy reduced credit demand from companies and individuals.
Market Intelligence Center  Jan 15  Comment 
MarketIntelligenceCenter.com’s patented algorithms have chosen the Jun. '15 $13.00 call for a couple of hedged-trading ideas on Banco Bradesco (BBD). A traditional covered call on Banco Bradesco yields 8.15% (19.20% annualized, for comparison...
Market Intelligence Center  Dec 30  Comment 
Banco Bradesco (BBD) was selected by MarketIntelligenceCenter.com’s trade-picking algorithms today after trading between $13.00 and $13.28 on Monday before closing at $13.16. A diagonal spread using a long position in the Jan. '16 $8.00 call and...
TheStreet.com  Dec 17  Comment 
NEW YORK (TheStreet) -- Shares of Banco Bradesco S.A.  rose 5.17% to $12.62 in morning trading Wednesday after fellow Brazilian bank Itau Unibanco  said Tuesday it would continue to sell insurance assets that are not strategically important...
Market Intelligence Center  Dec 1  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center are highlighting two trades on Banco Bradesco (BBD) today after it closed at $15.48 on Friday. For more conservative investors,...
Market Intelligence Center  Nov 28  Comment 
After closing Wednesday at $16.27, Banco Bradesco (BBD) presents an attractive opportunity to get a 6.88% return in just 112 days, which is an annualized return of 22.42% (for comparison purposes only). To enter this trade, sell one Mar. '15...


Banco Bradesco S.A. (Bradesco), Brazil's largest private bank with R$341 billion (US$192 billion) at yearend 2007, operates over 3,000 branches in the country. The bank also has branches in New York, Grand Cayman Island, Nassau and Argentina. It focuses on providing consumer and commercial loans, as well as leasing services to its broad customer base. Banco Bradesco also offers internet banking, insurance, pension planning, and credit card services to its clients. Bradesco s long-term credit ratings are BBB- by Fitch (upgraded from BB in May 2007), BBB- by Standard & Poor's, and Baa3 by Moody's.

Business and Financials

The strategic focus of Banco Bradesco has been to consolidate its position as the leading private full-service financial institution in Brazil, increase profitability, grow its credit portfolio, and generate high returns. The company plans to accomplish these goals through continued strategic alliances and acquisitions, strengthening its traditional operations, and expanding into new operations. Bradesco is adding to its business model with a major insurance subsidiary. The company expects this to increase profitability, while enhancing its position in the insurance sector.

Bradesco completed the R$80 million cash acquisition of Banco Morado's consumer financing business, which has 1.1 million customers and 33 branches. In July 2005, Bradesco entered into a partnership with Uni o de Lojas Leader, a retailer mainly operating in the states of Rio de Janeiro and Esp rito Santo, for the management of Leadercard, one of the five largest private label credit card companies in Brazil. In August 2005, the company announced an agreement with Lojas Colombo, the third largest home appliances and furniture retailer in the country, for the start-up of a Financing Company, which will have Colombo's clients portfolio as its focus. Additionally, Banco Bradesco will continue to invest in technology to operate more efficiently than its peers and focus on organic growth.

Trends and Forces

Acquisitions and Expansions

Bradesco entered an exclusive three-year operating agreement with Casas Bahia, a leading Brazilian retailer. The bank will finance consumer credit transactions and offer financial products for Casas Bahia's 10 million customers. Other private label partnership agreements with major retailers include those with Cooperativa de Consumo (COOP), Latin America's largest consumer cooperative, announced in July 2006 and Gbarbosa, Brazil's fifth largest retail chain located in the Northeast region, announced in June 2006. In January 2005, Bradesco reached another important agreement with a Brazilian medium-sized bank, called Banco Panamericano. According to this agreement, Bradesco will have the exclusive right to provide private credit to retired people through Banco Panamericano. Additionally, Bradesco has reached three other agreements with local, small- and medium-sized banks (Banco Cruzeiro do Sul, Banco Bonsucesso, and Banco BMC), strengthening its position in the fast growing Brazilian credit business.

With incomes rising all over Brazil, Banco Bradesco SA (ADR: BBD), the country’s largest private bank, plans to add 350 new offices throughout the country in the next year and a half. As of now, the bank has 3,160 branches, 21% fewer than Brazil’s largest bank, state-owned Banco do Brasil SA.

Safe from US woes

Brazil is far enough removed from the sagging U.S. economy because South America as a whole has strong energy, mining, financial and agriculture industries, making them less reliant on U.S. imports. Banco Bradesco’s mortgage lending nearly doubled between 2006 and 2007, from $1.32 billion (2.12 billion reals) to $2.5 billion (4.09 billion reals), and and the bank expects $3.7 billion (6 billion reals) in mortgages this year.


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