Boston, MA 04\/11\/2014 (wallstreetpr) \u2013 The $61 billion Brazil-based financial services provider Banco Bradesco SA (ADR) (NYSE:BBD)<\/b> expects 2014 to be a good year. Already many signs in the company and the stock point to potentially nice developments down the road.<\/p>\n
The company provides a range of banking and financial solutions that include mortgage loans, investment banking, credit operations, deposit taking and individual and corporate banking.<\/p>\n
The anticipated economic condition improvements in Brazil and everywhere else the company serves are having positive impact on the stock. Analysts expect an increase in mortgage financing requests and investment borrowings this year as consumers seek real estate financing, and companies undertake capital investments.<\/p>\n
In addition to improving industry environment, the company has also put in place aggressive measures to grow revenue and earnings while keeping costs and expenses low. That combination is expected to push the stock up.<\/p>\n
Shares of Banco Bradesco SA (ADR) (NYSE:BBD) have already shown decent performance momentum over the past 30 days. The stock is up almost 30 percent, and share prices have breached key price barriers. The current price trend should continue given the positive prospects that analysts have identified in the company.<\/p>\n
Positive earnings estimate trend<\/b><\/p>\n
Earnings estates in Banco Bradesco SA (ADR) (NYSE:BBD) have moved higher over the past several weeks. The upward revision of earnings estimates suggests that analysts are optimistic with the manner in which things are unfolding in the company. On that note, analysts expect more upward movement in the stock over the next several weeks or so.<\/p>\n
Making more loans<\/b><\/p>\n
Banco Bradesco SA (ADR) (NYSE:BBD) is keen on achieving long-term revenue growth. The reports that the company entered into a loan agreement with Brazil’s oil major Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), goes a long way to suggest a growing loan book at BBD. The bank is reported to have advanced 4 billion reais or $1.82 billion loan that is due in 17 years. The financing is reported to carry 9.5 percent in interest rate, plus 0.3 percent in the reference rate.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 04\/11\/2014 (wallstreetpr) \u2013 The $61 billion Brazil-based financial services provider Banco Bradesco SA (ADR) (NYSE:BBD) expects 2014 to be a good year. Already […]<\/p>\n","protected":false},"author":32,"featured_media":19444,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[1942],"tags":[3879,3880],"stock_ticker":[],"class_list":["post-19442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","tag-banco-bradesco-sa-adr-nysebbd","tag-nysebbd","entry"],"acf":[],"yoast_head":"\n