Thursday, October 30, 2014

Banco Bradesco (BBD) Stock Is Spiking Today After Earnings Beat

NEW YORK (TheStreet) -- Banco Bradesco shares are climbing, up 9.7% to $15.06, in trading on Thursday after the company beat analysts third quarter financial expectations and raised its revenue growth estimates for the year. The company raised its full year growthain interest income projections to between 9% and 12% from its previous guidance of between 6% and 10%. Must Read: Warren Buffett's 25 Favorite Stocks STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. The Brazil-based bank reported third quarter earnings of 3.8% increase in quarterly profits to $1.6 billion, beating analyst expectations of a $1.58 billion profit for the period. Brazil's second largest non-government bank also reported a 10.3% increase in its assets under management over the same period last year to $575.05 million. BBD data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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