Banco Bradesco (BBD) Upgraded to Buy: Here's What You Should Know

Core Viewpoint - Banco Bradesco has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system reflects changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Banco Bradesco suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7][9]. - The upgrade to Zacks Rank 2 places Banco Bradesco in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10]. Earnings Estimate Revisions - Analysts have raised their earnings estimates for Banco Bradesco, with the Zacks Consensus Estimate increasing by 7.8% over the past three months [8]. - The expected earnings per share for the fiscal year ending December 2025 is projected to be $0.41, showing no year-over-year change [8].