Banco Bradesco: Fourth Quarter Financial Overview

Banco Bradesco Announces Fourth-Quarter Earnings

Banco Bradesco SA, headquartered in Osasco, Brazil, reported a net income of $1.2 billion for the fourth quarter.

The bank achieved earnings of $0.11 per share during this period.

These results were in line with analysts’ expectations, as three experts surveyed by Zacks Investment Research had also predicted earnings of $0.11 per share.

Bradesco’s revenue for the quarter reached $12.03 billion, with net revenue after interest expenses also totaling $12.03 billion, surpassing market forecasts.

For the full year, the company recorded a profit of $4.24 billion, or $0.38 per share, and reported annual revenue of $41.79 billion.