Reported 2 days ago
Moerus Capital Management LLC has increased its stake in Banco Bradesco S.A. (NYSE:BBD) during Q1, making it the fifth-largest position in their portfolio. The bank reported strong quarterly results, including an 11.7% growth in its loan portfolio and a 15.8% rise in net interest income. Analysts highlight the bank's digital transformation and a competitive 6% dividend yield as key factors for future growth, despite challenges from fintech competitors.
Source: YAHOO