Bradesco Sees Some of its Lowest Credit Losses in its History, But How Long Can This Last?
Brazil’s turmoil and political uncertainty over the last few months appear to have had no impact on Brazil’s no-moat Banco Bradesco. For the third quarter, recurring net income grew 6% on a sequential basis to BRL 5.47 billion while advancing 13.7% from last year’s third quarter. Even net interest income grew on a sequential and year-over-year basis growing 4.4% from the previous quarter to BRL 15.75 billion. Bradesco, along with its peers, have been hampered by lower interest rates, as the aver...
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