Itau BBA Downgrades Banco Bradesco S.A. (BBD) to Market Perform From Outperform

Banco Bradesco S.A. (NYSE:BBD) is one of the best affordable stocks under $5 to invest in. On May 8, Itau BBA analyst Pedro Leduc downgraded Banco Bradesco S.A. (NYSE:BBD) to Market Perform from Outperform without a price target.

Banco Bradesco S.A. (NYSE:BBD) reported a 15.3% year-over-year growth in total revenue in fiscal Q1 2025 to R$32.3 billion, while operating expenses for the quarter experienced a 12.3% year-over-year increase to R$15.0 billion.

The company also reported R$5.86 billion in recurring net income, up 8.6% quarter-over-quarter and 39.3% year-over-year.

Banco Bradesco S.A. (NYSE:BBD) provides financial and insurance services. Its operations are divided into the Banking and Insurance segments. The Banking segment manages the banking activities, while the Insurance segment covers health, auto, life, accident, property insurance, and more.

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Disclosure: None. This article is originally published at Insider Monkey.