Cramer dedicated about 10 minutes of his show today towards BBD.
Banco Bradesco 39.3
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Banco Bradesco S.A. provides a range of banking and financial products and services, which include deposit-taking operations, such as checking accounts, savings accounts, and time deposits. It also provides consumer lending, housing loans, industrial loans, and leasing; credit and debit card services; payment processing and collection; capital markets services, including underwriting and financial advisory services, as well as brokerage and trading activities; international banking; and asset management services. The company operates in two segments, Banking segment; and Insurance, Pension Plan, and Certificated Savings plans. The Banking segment engages in the investment banking, international banking, consortia administration, and asset management. The Insurance, Pension Plan, and Certificated Savings plans segment relates to auto, health, life, casualty and property insurance, pension, and certificated savings plans. The company’s customer base includes both individuals, midsized and small companies, local and international corporations, and institutions in Brazil.
Cramer says BUY, but only for a trade. He says forget about the latin american political turmoil: BBD's high rate of growth renders all other things moot. |
