tiprankstipranks
Trending News
More News >

Banco Bradesco upgraded to Buy at Citi on short and mid-term drivers

Citi analyst Gustavo Schroden upgraded Banco Bradesco (BBD) to Buy from Neutral with a price target of R$19.50, up from R$13.60. The firm notes the drivers for the company’s ROE improvements both in the short and mid-term, with 2025 seeing net interest income for clients continuing to improve due to better cost of funding and better asset mix, while for 2026 and onward, cost discipline should have a more visible impact on results via operating leverage, the analyst tells investors in a research note.

Confident Investing Starts Here:

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.

Report an Issue