News

Banco Bradesco’s Shares Fall on Weak Earnings and Higher Loan Ratio

1 Mins read

Banco Bradesco, one of Brazil’s leading banks, experienced a significant drop in their preferred shares by 3.6% following the release of their weak third-quarter earnings report. Additionally, the bank reported a higher non-performing loan ratio for the same period.

As a result, Bradesco’s shares reached a value of 14.71 reais (equivalent to $2.99) and saw a less than 1% increase compared to the end of last year’s closing rate. It is worth noting that Brazil’s benchmark Ibovespa stocks index experienced a 0.6% uptick during early trading.

During the third quarter, Bradesco observed a surge in the ratio of loans with payments overdue by more than 90 days. This ratio increased to 6.1% from 3.9% compared to the previous year, and slightly rose from 5.9% in the second quarter of 2023. However, Bradesco mentioned that if the impact of a single large corporate client on the ratio was excluded, the ratio would have been 5.6% for the third quarter.

Bradesco allocated BRL9.2 billion for provisions for loan losses in the quarter, which is an increase from the BRL7.3 billion provisioned during the same quarter last year.

Related posts
News

XRP Logs 4,335% Surge in Hourly Liquidation Imbalance, What's Next? - U.Today

1 Mins read
After struggling to hold steady at the $3 resistance level despite strong market momentum, XRP has finally returned to the red zone,…
News

Jurisdiction Miss Sinks Novel Crypto Suit Claim In Chancery - Law360

1 Mins read
By Jeff Montgomery ( October 6, 2025, 7:55 PM EDT) — In a first-of-its-kind decision, Delaware’s Court of Chancery on Monday upheld…
News

Japanese Stocks to Gain on Takaichi Win, Yen Drops: Markets Wrap

2 Mins read
(Bloomberg) — The yen fell after a ruling-party vote positioned pro-stimulus lawmaker Sanae Takaichi to become Japan’s next leader, boosting prospects for…

Leave a Reply

Your email address will not be published. Required fields are marked *