Banco Bradesco S.A. BBD was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 25.7% in the past one-month time frame.
The company has seen estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Banco Bradesco currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked stock in the Banks – Foreign industry is Societe Generale Group SCGLY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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