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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Banco Bradesco S.A.    BBDC4   BRBBDCACNPR8

BANCO BRADESCO S.A.

(BBDC4)
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Banco Bradesco S A : Brazil's Bradesco launches digital wallet aimed at unbanked population

09/14/2020 | 09:01am EST

SAO PAULO, Sept 14 (Reuters) - Brazil's second largest private-sector lender, Banco Bradesco SA, has launched a subsidiary named BITZ to offer individuals digital payment accounts, according to a securities filing on Monday.

The bank said it is mainly aimed at people who do not have a bank account, offering a new digital checking account which will allow clients to store and transfer money, make payments and online purchases.

Brazilian payments processor Cielo SA CIEL3.SA> said in a separate securities filing it will provide BITZ with technology services.

Around one-third of Brazilians do not have a bank account, one of the highest ratios in the world. (Reporting by Carolina Mandl; editing by Jonathan Oatis)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
BANCO BRADESCO S.A. 0.00%End-of-day quote.0.00%
CIELO S.A. -1.37% 3.61 End-of-day quote.-9.75%
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Financials
Sales 2020 103 B 18 828 M 18 828 M
Net income 2020 16 048 M 2 935 M 2 935 M
Net Debt 2020 - - -
P/E ratio 2020 13,5x
Yield 2020 2,29%
Capitalization 207 B 37 968 M 37 916 M
Capi. / Sales 2020 2,01x
Capi. / Sales 2021 1,86x
Nbr of Employees 97 329
Free-Float 63,0%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 31,55 BRL
Last Close Price 25,01 BRL
Spread / Highest target 54,7%
Spread / Average Target 26,1%
Spread / Lowest Target 5,16%
EPS Revisions
Managers and Directors
NameTitle
Octávio de Lazari Chief Executive Officer
João Aguiar Alvarez External Director
Denise Aguiar Alvarez Valente External Director
Carlos Alberto Rodrigues Guilherme Vice Chairman
Alexandre da Silva Glüher Director
Sector and Competitors