LOGO
LOGO

Banco Bradesco Posts Higher Net Income in Nine-Month Period - Update

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Banco Bradesco S.A. (BBD) Monday reported higher income in its nine-month period. Of this, 65% or R$3.917 billion came from financial activities and 35% or R$2.098 billion from Insurance and Private Pension Plans activities.

The Osasco, Brazil-based bank's nine-month reported net income rose 3.4% to R$6.015 billion from R$5.817 billion in the nine months ended in 2007. Earnings per share were R$1.96. Adjusted net income increased 8.6% to R$5,819 million from last year's R$5,356 million.

Year-to-date revenues from financial intermediation was R$40.543 billion, 33.2% higher than R$30.431 billion in the comparable quarter of last year.

As of September 30, market capitalization was R$88.777 billion, and total assets increased 33.1% year-over-year to R$422.706 billion. Expanded Loan Portfolio stood 40.8% higher at R$197.250 billion over last year's, with loans to individuals up 28.7% and to corporate clients up 48.5%.

The company's Total Funds Raised and Managed climbed 26.3% higher at R$571.740 billion, when compared with R$452.698 billion in the prior-year period. Shareholders' Equity grew 17% year-over-year to R$34.168 billion.

Remuneration to shareholders in the form of Interest on Shareholders' Capital and Dividends paid and provisioned in the period was R$2.072 billion, corresponding to 34.4% of net income.

BBD closed Friday's regular trading on NYSE at $8.46, down $1.19, with a volume of 14.91 million shares.

For comments and feedback contact: editorial@rttnews.com

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.