Itau BBA Downgrades Banco Bradesco S.A. (BBD) to Market Perform From Outperform

Banco Bradesco S.A. (NYSE:BBD) is one of the best affordable stocks under $5 to invest inOn May 8, Itau BBA analyst Pedro Leduc downgraded Banco Bradesco S.A. (NYSE:BBD) to Market Perform from Outperform without a price target.

Why Banco Bradesco S.A. (BBD) Went Up On Thursday

A customer withdrawing money from an ATM, illustrating the company’s widespread availability of accounts.

Banco Bradesco S.A. (NYSE:BBD) reported a 15.3% year-over-year growth in total revenue in fiscal Q1 2025 to R$32.3 billion, while operating expenses for the quarter experienced a 12.3% year-over-year increase to R$15.0 billion.

The company also reported R$5.86 billion in recurring net income, up 8.6% quarter-over-quarter and 39.3% year-over-year.

Banco Bradesco S.A. (NYSE:BBD) provides financial and insurance services. Its operations are divided into the Banking and Insurance segments. The Banking segment manages the banking activities, while the Insurance segment covers health, auto, life, accident, property insurance, and more.

While we acknowledge the potential of BBD to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BBD and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.