Overall, increasing consumer demand is driving retail banking growth by an average of 31% per year. Bradesco's results released on 04/28 cited 23% growth for the 1st quarter compared to the 1st quarter...
k here the skinny brazil and mexico seem to be unaffected buy the us right now brazil is kind of having a housing boom and banks win so buy this stock now at a good price and sell when eranings come out...
Banco Bradesco (BBD) is Brazil's largest non-government owned bank in the country, spanding over 3,000 branches. With the market getting ready to rise up this one is a sure pick.
BANCO BRADESCO ADS(NYSE: BBD)
After Hours: 22.00 +0.20 (0.92%) on 04/21/08
Prev Close: 21.68
Open: 21.99
DAILY STOCK ANALYSIS VIDEO
razil-based Banco Bradesco isn't far from a potential buy point...
While the current US recession is hurting US investment and retail banks, other countries are continuing to develop extensive growth patterns despite US woes. One of these fast growing economies is Brazil....