Banco do Brasil S.A. (BDORY) Q2 2024 Earnings Call Transcript
Banco do Brasil S.A. (OTCPK:BDORY) Q2 2024 Earnings Conference Call August 8, 2024 10:00 AM ET Company Participants Janaina Storti – Head-Investor Relations Geovanne Tobias – Chief Financial Officer Felipe Prince – Chief Risk Officer Conference Call Participants Daniel Vaz – Safra Bank Bernardo Guttmann – XP Gustavo Schroden – Bradesco Ricardo Buchpiguel – BTG Renato Meloni – Autonomous Brian Flores – Citi Yuri Fernandes – JPMorgan Mario Pierry – Bank of America Tito Labarta – Goldman Sachs Nicolas Riva – Bank of America Natalia Corfield – JPMorgan Carlos Gomez-Lopez – HSBC Eduardo Nishio – Genial Janaina Storti Hello.
Lender Banco do Brasil posts 8% rise in second-quarter adjusted profit
State-controlled lender Banco do Brasil reported on Wednesday 8.2% year-on-year growth in its second-quarter adjusted net profit.
BDORY vs. SVNLY: Which Stock Should Value Investors Buy Now?
Investors interested in Banks - Foreign stocks are likely familiar with Banco Do Brasil SA (BDORY) and Svenska Handelsbanken Ab Publ (SVNLY). But which of these two stocks is more attractive to value investors?
Are Investors Undervaluing Banco Do Brasil (BDORY) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
BB Seguridade: Profitable, Resilient, And Poised For Growth
As a key subsidiary of Banco do Brasil, BB Seguridade excels in various insurance sectors, such as Rural and Credit Life insurance, leveraging its extensive market reach. The company has a profitable business model, with a significant market share in essential segments and private partners that increase its reach. BB Seguridade is a cash-generating machine and a good dividend payer, with a sustainable dividend yield close to 10%. However, it faces risks such as dependence on Banco do Brasil and operational execution.
Banco do Brasil: Stronger Fundamentals Than Private Competitors
Banco do Brasil has a strong presence in agribusiness, which has been driving the country's GDP growth. The bank has the best financial indicators among Brazilian private peers. Although, Banco do Brasil has the lowest P/E multiple among its competitors, indicating a cheap valuation and potential for significant upside.
