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Tag: net interest income

  • What Does Wall Street Think About Banco Bradesco S.A. (BBD)?

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    Banco Bradesco S.A. (NYSE:BBD) is one of the best penny stocks to buy according to hedge funds. Banco Bradesco S.A. (NYSE:BBD) reported a recurring net income of R$6.1 billion in its fiscal Q2 2025 results, reflecting a growth of 3.5% quarter-over-quarter and 28.6% year-over-year. Resultantly, ROAE topped 14.6% in the quarter.

    Why Banco Bradesco S.A. (BBD) Went Up On Thursday

    Management further reported that revenue for the quarter reached R$34.0 billion, reflecting a growth of 15.1% year-over-year. This growth was driven by “an expressive growth” across all lines, including net interest income, income from insurance, and fee and commission income.

    Banco Bradesco S.A. (NYSE:BBD) added that as per its guidance, revenue performance would be the primary reason behind the company’s profitability increase in 2025.

    Banco Bradesco S.A. (NYSE:BBD) received a rating update on September 30, with Bank of America Securities analyst Mario Pierry maintaining a Buy rating on the stock and raising the price target from $3.19 to $4.12.

    The analyst consensus on Banco Bradesco S.A. (NYSE:BBD) is currently a Moderate Buy, with the stock’s median price target of $3.17 implying an upside of 29.34% from current levels.

    Formerly known as Banco Brasileiro de Descontos SA, Banco Bradesco (NYSE:BBD) is a public company based in Brazil that engages in the Banking Services Industry Group.

    It operates as a wide-ranging commercial bank in terms of credit operations, total assets, and the volume of funding and deposits.

    The company has a broad range of banking and financial services and products for key national and international institutions, companies, and individuals in Brazil and abroad.

    While we acknowledge the potential of BBD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

    READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

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

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  • HDFC Bank Q4 net profit grows to ₹17,622 crore

    HDFC Bank Q4 net profit grows to ₹17,622 crore

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    HDFC Bank on Saturday reported a 2.11 per cent growth in consolidated net profit to ₹17,622.38 crore for the March 2024 quarter against ₹17,257.87 crore in the preceding December quarter.

    On a standalone basis, the country’s largest private sector lender reported a net profit of ₹16,511.85 crore compared to ₹16,372.54 crore in the December quarter.

    In July 2023, the bank merged its home loan-focused parent HDFC into itself.

    Its core net interest income grew to ₹29,080 crore for the reporting quarter, while the other income grew to ₹18,170 crore.

    The lender has reported its core net interest margin of 3.44 per cent on total assets.

    The gross non-performing assets ratio came at 1.24 per cent.

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  • Karnataka Bank reports 171% growth in Q4 net profit, recommends dividend of ₹5 per share

    Karnataka Bank reports 171% growth in Q4 net profit, recommends dividend of ₹5 per share

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    Karnataka Bank registered a net profit of ₹353.53 crore in the fourth quarter of 2022-23 as against a net profit of ₹130.20 crore in the corresponding period of the previous fiscal, recording a growth of 171.53 per cent.

    The bank registered a net profit of ₹1,179.68 crore for 2022-23 against ₹507.99 crore in 2021-22, recording a growth of 132.22 per cent.

    The board of directors, which met on Friday, approved the audited annual financial results for the period ended March 31. It also recommended a dividend of ₹5 per equity share (that is 50 per cent) out of the net profits for the year ended March 31, subject to the approval of the shareholders at the Annual General Meeting of the bank.

    During the fourth quarter of 2022-23, the net interest income of the bank stood at ₹860.07 crore (₹656.50 crore in Q4 of 2021-22), and other income stood at ₹395.23 crore (₹256.98 crore). The net interest margin of the bank stood at 3.87 per cent (3.25 per cent).

    The bank’s provision coverage ratio (PCR) increased to 80.76 per cent in 2022-23 from 73.47 per cent in 2021-22. The capital-to-risk-weighted assets ratio (CRAR) under Basel III reached 17.45 per cent, up from 15.66 per cent last year.

    The bank’s gross NPA (non-performing assets) reduced to 3.74 per cent during Q4 of 2022-23 from 3.90 per cent about a year back. The net NPA of the bank stood at 1.70 per cent during the fourth quarter of 2022-23 against 2.42 per cent in the corresponding period of the previous fiscal.

    The bank’s business turnover stood at ₹1,47,319.53 crore during 2022-23, with a year-on-year growth of 7.40 per cent. Deposits grew 8.68 per cent year-on-year to ₹87,367.91 crore, while advances increased 5.58 per cent year-on-year to ₹59,951.62 crore. CASA (current account savings account) deposits accounted for 32.97 per cent of total deposits.

    Quoting Sekhar Rao, Managing Director and Chief Executive Officer (interim) of Karnataka Bank, a media statement said: “As we proudly mark a century of unwavering trust, our performance for FY23 is demonstrated through robust turnover and milestone bottomline numbers, underpinned by consistent enhancements in overall asset quality.”

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