Banco Do Brasil SA (OTCMKTS:BDORY – Get Free Report) shares shot up 5.5% during mid-day trading on Friday . The company traded as high as $4.10 and last traded at $4.0950. 167,575 shares changed hands during trading, a decline of 66% from the average daily volume of 494,892 shares. The stock had previously closed at $3.88.
Wall Street Analysts Forecast Growth
Separately, The Goldman Sachs Group downgraded shares of Banco Do Brasil from a “hold” rating to a “strong sell” rating in a report on Wednesday, April 29th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce”.
Check Out Our Latest Report on BDORY
Banco Do Brasil Trading Up 5.4%
Banco Do Brasil (OTCMKTS:BDORY – Get Free Report) last posted its earnings results on Wednesday, May 13th. The financial services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). The company had revenue of $8.60 billion for the quarter, compared to analyst estimates of $7.84 billion. Banco Do Brasil had a return on equity of 8.86% and a net margin of 3.34%. As a group, research analysts expect that Banco Do Brasil SA will post 0.66 EPS for the current year.
Banco Do Brasil Company Profile
Banco do Brasil SA is one of Brazil’s largest and oldest financial institutions, founded in 1808. As a state-controlled commercial bank with a long history in the country’s financial system, it provides a broad range of universal banking services to individual, corporate and public-sector clients. The bank’s activities include retail banking, corporate and commercial lending, asset management, investment banking, treasury and capital markets operations, trade finance and international banking services.
Banco do Brasil offers a full suite of products such as deposit accounts, payment and cash management services, mortgages and consumer credit, credit cards, leasing and structured finance, as well as insurance and pension products through affiliated businesses.
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