Core Viewpoint - Banco Do Brasil SA (BDORY) is currently viewed as a better value opportunity compared to Sumitomo Mitsui (SMFG) based on various financial metrics and rankings [1][3]. Group 1: Zacks Rank and Earnings Outlook - Banco Do Brasil SA has a Zacks Rank of 1 (Strong Buy), indicating a stronger improvement in its earnings outlook compared to Sumitomo Mitsui, which has a Zacks Rank of 3 (Hold) [3]. - The Zacks Rank is based on strong earnings estimate revision trends, which favor stocks with positive outlooks [2]. Group 2: Valuation Metrics - BDORY has a forward P/E ratio of 4.24, significantly lower than SMFG's forward P/E of 33.38, suggesting that BDORY is undervalued relative to SMFG [5]. - The PEG ratio for BDORY is 1.51, while SMFG's PEG ratio is 1.96, indicating that BDORY has a more favorable earnings growth outlook relative to its valuation [5]. - BDORY's P/B ratio is 0.81, compared to SMFG's P/B of 0.97, further supporting the argument that BDORY is a more attractive value option [6]. Group 3: Overall Value Grades - Based on the analysis of various valuation metrics, BDORY holds a Value grade of B, while SMFG has a Value grade of C, reinforcing the conclusion that BDORY is the superior value option at this time [6].

Core Insights - The article compares Banco Do Brasil SA (BDORY) and Sumitomo Mitsui (SMFG) to determine which stock offers better value for investors [1] Valuation Metrics - BDORY has a forward P/E ratio of 4.14, significantly lower than SMFG's forward P/E of 41.13 [5] - BDORY's PEG ratio is 1.47, while SMFG's PEG ratio is 2.42, indicating that BDORY may offer better value relative to its expected earnings growth [5] - BDORY's P/B ratio is 0.80, compared to SMFG's P/B of 1.04, suggesting that BDORY is undervalued in terms of market value versus book value [6] Zacks Rank and Value Grades - BDORY has a Zacks Rank of 1 (Strong Buy), while SMFG has a Zacks Rank of 2 (Buy), indicating a stronger earnings outlook for BDORY [3] - Based on various valuation metrics, BDORY holds a Value grade of B, whereas SMFG has a Value grade of D, further supporting the conclusion that BDORY is the more attractive option for value investors [6]

Core Viewpoint - Barclays (BCS) has shown strong year-to-date performance, outperforming its Finance sector peers, which indicates a positive investment opportunity [1][4]. Company Performance - Barclays has gained approximately 17.5% year-to-date, significantly higher than the Finance sector's average return of 2.3% [4]. - The Zacks Consensus Estimate for Barclays' full-year earnings has increased by 31% over the past three months, reflecting improved analyst sentiment [3]. Industry Context - Barclays is part of the Banks - Foreign industry, which includes 68 companies and currently ranks 47 in the Zacks Industry Rank. The average gain for this industry is 12.1% this year, indicating that Barclays is performing well within its industry [6]. - Another notable performer in the Finance sector is Banco Do Brasil SA (BDORY), which has returned 28% year-to-date and has a Zacks Rank of 1 (Strong Buy) [4][5]. Investment Outlook - Investors interested in Finance stocks should monitor both Barclays and Banco Do Brasil SA as they continue to demonstrate solid performance [7].

Core Viewpoint - Investors in the Banks - Foreign sector should consider Banco Do Brasil SA (BDORY) and United Overseas Bank Ltd. (UOVEY) for potential value opportunities [1] Valuation Metrics - Banco Do Brasil SA has a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook, while United Overseas Bank Ltd. has a Zacks Rank of 3 (Hold) [3] - BDORY has a forward P/E ratio of 4.34, significantly lower than UOVEY's forward P/E of 10.44, suggesting BDORY may be undervalued [5] - The PEG ratio for BDORY is 1.55, compared to UOVEY's PEG ratio of 1.81, indicating BDORY has a more favorable growth outlook relative to its valuation [5] - BDORY's P/B ratio is 0.81, while UOVEY's P/B ratio is 1.37, further supporting the argument that BDORY is undervalued [6] - Based on various valuation metrics, BDORY holds a Value grade of A, whereas UOVEY has a Value grade of C [6] Conclusion - BDORY has demonstrated stronger estimate revision activity and more attractive valuation metrics than UOVEY, making it a more appealing option for value investors [7]

Group 1 - Banco do Brasil is Brazil's main state-owned bank focusing on commercial and investment activities [1] - The bullish investment thesis for Banco do Brasil is based on its attractive dividends and a valuation discount compared to private peers [1]

Group 1 - Banco do Brasil S.A. reported Q4 2024 results with strong earnings and a 21% return on equity (ROE) [1] - The bank's valuation is attractive at less than 1x book value, especially considering its 20%+ ROE [1] Group 2 - The investment approach focuses on operational aspects and long-term earnings power rather than market-driven dynamics [1] - The strategy emphasizes holding companies for the long term, with most recommendations being holds rather than buys [1]

Click or read the QR Code for MD&A 4Q24 Earnings Release #Pública Imagem do QR Code Commitment and value generation R$ billion Adjusted Net Income 35.6 37.9 +6.6% 2024 Guidance from R$ 37 to 40 billion ROE 2024 21.4% Value Added to Society in 2024 R$85.4billion 2023 2024 2 | 21 We support our customers and strengthen our leadership 1,278.3 1,108.6 R$ 1.3 trillion Loan Portfolio Expanded View +15.3% Dec24/Dec23 Dec 23 Dec 24 Individuals R$ 336.0 billion +7.3% Dec24/Dec23 Payroll Loans 20.5% Dec24 Dec24/Dec23 ...

Banco do Brasil S.A. (OTCPK:BDORY) Q4 2024 Earnings Conference Call February 20, 2025 9:00 AM ET Company Participants Janaina Storti - Manager, IR Tarciana Medeiros - CEO Geovanne Tobias - CFO Felipe Prince - VP of Risk Conference Call Participants Daniel Vaz - Safra Tito Labarta - Goldman Sachs Renato Meloni - Autonomous Guilherme Grispen - JP Morgan Marcelo Mizrahi - Bradesco BBI Gustavo Schroden - Citi Eduardo Nishio - Genial Pedro Leduc - Itau Carlos Gomez-Lopez - HSBC Nicolas Riva - Bank of America Mer ...

Financial Data and Key Metrics Changes - The company achieved an adjusted net income of R$37.9 billion, reflecting a 6.6% increase year-on-year [10] - Total loans exceeded R$1.278 trillion at the end of 2024, marking an increase of over 15% [10] - The capital ratio closed the year at 10.89%, with expectations for an optimal range around 11% [49][50] Business Line Data and Key Metrics Changes - Loans to individuals reached R$336 billion, up 7% year-on-year, with a market share increase to over 20% in payroll loans [12] - The corporate portfolio grew significantly by 18% in 2024, with a focus on entrepreneurship as a key driver [13] - The SME portfolio exceeded R$125 billion, with advancements in specialized service models [14] - Agribusiness loans grew nearly 12%, reaching R$400 billion in January 2025 [15][48] Market Data and Key Metrics Changes - The delinquency rate in the agribusiness portfolio rose, with in-court reorganizations representing almost 20% of non-performing loans [16] - The company reported a robust capital level, with a focus on maintaining a balance between risk and return [49] Company Strategy and Development Direction - The company aims to continue sustainable and balanced credit growth, focusing on payroll loans and government programs [31] - There is a strong emphasis on digital transformation and enhancing customer experience through technology investments [19][20] - The company is committed to sustainability, having declared a sustainable portfolio with growth of almost 13% [59] Management's Comments on Operating Environment and Future Outlook - The Brazilian economic scenario is projected to show resilience with GDP growth of 2.2% and inflation at 5.6% [62] - The agricultural sector is expected to be a key driver of economic growth, with forecasts for a record harvest in 2025 [90] - Management expressed confidence in the ability to manage risks while pursuing growth opportunities in various segments [33][64] Other Important Information - The company has doubled its investment in technology over the past two years, focusing on digital skills and artificial intelligence [51][53] - The company achieved the highest Net Promoter Score (NPS) in its history, reflecting strong customer satisfaction [22] Q&A Session Summary Question: Guidance on loan portfolio growth - The company reported significant growth in company portfolios, with a focus on SMEs and large corporate clients, while being cautious in a challenging environment [72][74] Question: Provisioning levels and coverage - Management expects NPLs in the agribusiness sector to decrease, with coverage levels anticipated to rise above 200% due to new provisioning policies [87][88] Question: Insights on the agribusiness sector - Management highlighted the importance of renegotiating loans with farmers to avoid in-court reorganizations, emphasizing a constructive outlook for the sector [99][102] Question: Guidance on net interest income (NII) - The company aims to improve margins through payroll loans and expects a positive impact on client NII as the individual portfolio grows [114][116]

Core Viewpoint - The article compares Banco Do Brasil SA (BDORY) and DBS Group Holdings Ltd (DBSDY) to determine which stock is more attractive for value investors [1]. Group 1: Zacks Rank and Earnings Outlook - Banco Do Brasil SA has a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook, while DBS Group Holdings Ltd has a Zacks Rank of 3 (Hold) [3]. - The Zacks Rank system emphasizes companies with positive earnings estimate revisions, suggesting that BDORY is likely experiencing a more favorable earnings outlook [3]. Group 2: Valuation Metrics - BDORY has a forward P/E ratio of 4.56, significantly lower than DBSDY's forward P/E of 11.13, indicating that BDORY may be undervalued [5]. - The PEG ratio for BDORY is 1.62, while DBSDY's PEG ratio is 2.61, suggesting that BDORY has a better expected EPS growth rate relative to its valuation [5]. - BDORY's P/B ratio is 0.81, compared to DBSDY's P/B of 1.94, further supporting the notion that BDORY is undervalued [6]. - These metrics contribute to BDORY's Value grade of A and DBSDY's Value grade of D, highlighting BDORY as the superior value option [6][7].