Bradesco Q2: Results Impressed The Market, But The Stock Is Only Fairly Valued
Bradesco Q2: Results Impressed The Market, But The Stock Is Only Fairly Valued
Banco Bradesco S.A. (BBD) Q2 2024 Earnings Call Transcript
Banco Bradesco S.A. (NYSE:BBD ) Q2 2024 Earnings Conference Call August 5, 2024 9:30 AM ET Company Participants Marcelo Noronha - CEO Andre Carvalho - IR Cassiano Scarpelli - Director Vice President Andre Rodrigues Cano - Executive Vice President Ivan Gontijo - CEO, Bradesco Seguros SA Conference Call Participants Renato Meloni - Autonomous Eduardo Rosman - BTG Thiago Batista - UBS Bernardo Guttmann - XP Investimentos Brian Flores - Citi Yuri Fernandes - JP Morgan Tito Labarta - Goldman Sachs Mario Pierry - Bank of America Pedro Leduc - Itau BBA Eduardo Nishio - Genial Investimentos Carlos Gomez-Lopez - HSBC Marcelo Noronha Good morning, ladies and gentlemen.
Banco Bradesco: It Takes Time For A Giant To Turn Around
Bradesco's financial indicators have been heavily impacted by banking digitization and increased competition. The bank's managers are introducing changes to the company's structure, processes, and culture in response to these challenges. However, despite the discounted valuation there is still no clear inflection point in the company's results, which raises skepticism.
