- Banco do Brasil’s adjusted net income for Q2 reached R$9.50 billion, an 8.2% increase year-over-year, surpassing the estimate of R$9.25 billion.
- Total assets grew by 12% year-over-year to R$2.36 trillion, exceeding the estimate of R$2.34 trillion.
- Provision expenses rose by 8.8% year-over-year to R$7.81 billion.
- Return on equity for the quarter stood at 21.6%, slightly higher than last year’s 21.3%, but just below the estimate of 21.7%.
- Fee and commission income increased by 6.7% year-over-year to R$8.85 billion.
- In the first half of the year, adjusted net income was R$18.80 billion, reflecting an 8.7% increase year-over-year.
- Analysts’ recommendations: 13 buy, 3 hold, and 1 sell.
A look at Banco do Brasil Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.8 |
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
Investors looking at Banco do Brasil S.A. will be interested to know that the company has gained significant recognition in certain areas based on Smartkarma Smart Scores. With a high dividend score of 5, Banco do Brasil promises lucrative returns for investors seeking income. Additionally, scoring a solid 4 in both the Value and Growth categories, the bank showcases potential for future growth and is currently undervalued in the market. This suggests a promising long-term outlook for the company.
However, it’s important to note that Banco do Brasil received a lower score of 2 in Resilience, indicating some potential vulnerabilities. Despite this, its Momentum score of 4 reflects a positive market trend, pointing towards an optimistic upward trajectory for the bank. Overall, Banco do Brasil S.A., known for its diverse range of banking services, appears to offer an attractive investment opportunity for those interested in a company with strong dividend potential and growth prospects.
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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