- BB Seguridade’s net income for Q2 2024 was R$1.77 billion, down 3.7% year-over-year.
- This net income figure missed the estimated R$1.95 billion.
- Adjusted net income was R$1.87 billion, an increase of 1.6% year-over-year.
- Net investment income stood at R$323.5 million, a decline of 14% year-over-year.
- Adjusted non-interest operating result saw a rise of 6.8%.
- Brasilseg written premiums decreased by 4.8%.
- Brasilprev pension plan reserves increased by 1.5%.
- BB Seguridade made adjustments to determine net profit due to the constitution of the Supplementary Coverage Provision in Brasilprev, classified as an extraordinary event.
- The extraordinary event resulted from new regulation requiring 100% customer decision-making at the end of the accumulation period in traditional plans, amounting to R$216.7 million.
- Analyst recommendations include 5 buys, 7 holds, 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
When looking at the long-term outlook for Banco do Brasil S.A., the Smartkarma Smart Scores paint a positive picture. With a high score in Dividend (5) and Value (4), the company seems to be performing well in terms of providing returns to its investors and being undervalued in the market. This indicates stability and attractiveness for potential shareholders. Moreover, with decent scores in Growth (4) and Momentum (4), Banco do Brasil also shows potential for future expansion and market performance.
Despite these positive aspects, Banco do Brasil does have some room for improvement in the Resilience category, where it scored a 2. This might indicate potential vulnerabilities or risks that the company needs to address to ensure its long-term sustainability amidst market challenges. Overall, Banco do Brasil S.A. is a prominent financial institution that offers a range of banking services and has the potential for growth and value appreciation in the future, making it a notable player in the industry.
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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