BBD ==> The Ides of March Winner

[mrmarket]

don't look now

I don't know if anyone noticed, but BBD appears to be making its way back up....

[spikefader]

I don't know if anyone noticed, but BBD appears to be making its way back up....

You now have a nice daily pattern to support a long bias

[mrmarket]

This monkey is on FIRE! Up 20% in the last 3 months...yay!

[mrmarket]

I don't know about you guys, but BBD paid me a big ass dividend today...NICE!

[mrmarket]

you sees....?

[dodgeman]

I sees...

I hung in there on this one. Still looking to sell at 47 ish?

[mrmarket]

I sees...

I hung in there on this one. Still looking to sell at 47 ish?

I have not changed my target. Have you enjoyed those dividends along the way?

[dodgeman]

Certainly have, especially the pre-Christmas one in December!

[Gatorman]

I have not changed my target. Have you enjoyed those dividends along the way?

MM:
I loved the runup, I loved the dividends but I did not love Friday's action. Got any idea what caused the selloff? I can't find any "news" that would account for the drop.

[Runner]

I noticed BBD has put in an extreme wide range bar that has not been matched since July. I see caution on the long side here as this could indicate a retrace. The trend is still intact as it did accelerate in trend indicated by the red trendlines.

[mrmarket]

that's what I'm talkin about!

this bad boy pays me a phat dividend while I'm waiting for it to reach my target. Nice earnings (again):

Bradesco 4Q Profit Up 11 Pct. to $762M
Monday February 12, 11:13 am ET
By Alan Clendenning, AP Business Writer
Bradesco Fourth-Quarter Earnings Rise 11 Percent to $762M, 2006 Earnings Up 15 Percent to $3B

SAO PAULO, Brazil (AP) -- Profit for Bradesco, Brazil's largest private-sector financial services company, rose 11 percent in the fourth quarter, helped by an increase in consumer lending and income from fees, the company said Monday. The bank's 2006 profit was up 15 percent compared to 2005.
Banco Bradesco SA earned 1.6 billion Brazilian reals (US$762 million; euro588.1 million) in the October-December period, compared to 1.5 billion reals (US$714 million; euro551.1 million) in the same quarter in 2005.

For all of 2006, the bank reported earnings of 6.4 billion reals (US$3 billion; euro2.3 billion), compared to 5.5 billion reals (US$2.6 billion; euro2.01 billion) in 2005. Complete results for the quarter and the year on a per share basis were not immediately available.

Brazil's Central Bank said in December that Banco Itau SA surpassed Bradesco as the nation's largest private-sector bank in terms of assets, but many analysts say the central bank does not take Bradesco assets into consideration that should be counted.

When Bradesco's insurance operations are counted in the mix, Bradesco surpasses Itau, analysts say.

Bradesco said its total assets in 2006 reached 265 billion reals (US$126 billion; euro97 billion) in December, up 28 percent from December 2005. Itau will report its fourth-quarter earnings and 2006 financial results on Tuesday.

The Central bank used asset figures from September to calculate the banks' rankings, saying at the time that Itau had assets of 282 billion reals (US$134 billion; euro103 billion) and that Bradesco's assets stood at 196 billion reals (US$93 billion; euro72 billion).

Both banks are smaller than the state-owned Banco do Brasil SA and Caixa Economica Federal.

Bradesco shares were down 1.2 percent Monday on Sao Paulo's Bovespa exchange after the results were released.

[spikefader]

....this bad boy pays me a phat dividend while I'm waiting for it to reach my target.

Gotta love that!

I just re-read this thread. Anyone who doesn't know what a head and shoulders pattern is, please read it.

Hope she rallies for ya Ernie.

[mrmarket]

This looks like the move up that will take me to my target....others opines?

[jiesen]

getting close... just a buck left to go on this one!

[mrmarket]

The time has come...

Banco Bradesco Announces First Quarter 2007 Results
Monday May 7, 8:59 am ET


SAO PAULO, Brazil, May 7 /PRNewswire-FirstCall/ -- Banco Bradesco announces first quarter 2007 results.
Highlights:

- Net Income in 1Q07 was R$1.705 billion, +11.4% compared to 1Q06 (equivalent to R$0.85 per share).

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- In the three-month period of 2007, the annualized Return on Average Stockholders' Equity (ROAE) stood at 30.2% and at 34.6% in 1Q06.

- Total Assets reached R$281.944 billion in March/07, +30.3% compared to March/06 and +6.2% compared to December/06, R$101.473 billion or 36.0% of which represented by Loan and Leasing Operations.

- Unrealized Net Income, represented by the difference between market values of assets and liabilities and their respective book values, totaled R$3.877 billion in March/07 against R$1.822 billion in March/06, a R$2.055 billion increase (note 32b to the Financial Statements).

- Net Income Breakdown in 1Q07 was: 31.0% originated by Insurance, Private Pension Plans and Certificated Savings Plans, 25.3% by Loan Operations, 29.5% by Fee Income, 7.5% by Securities and Treasury and 6.7% by Funding Results.

- Adjusted Net Interest Income reached R$5.019 billion in 1Q07, a 0.9% increase compared to 1Q06 and a 0.5% decrease compared to 4Q06.

- Fee Income totaled R$2.559 billion, increasing by R$519 million, or 25.4% against 1Q06. Compared to 4Q06, it grew by R$135 million, or 5.6%.

- Operating Efficiency Ratio, for the accumulated 12-month period, continued to present consistent improvement, standing at 42.1% in March 2007, against 44.1%, in March 2006.

- Remuneration to Stockholders as Interest on Own Capital/Dividends paid and provisioned, related to the year 2007, amounted to R$601 million (R$539 million in the same period of 2006).

- On April 27, Moody's Investors Service upgraded Bradesco's Bank Financing Strength Rating (BFSR) from C- to B-. This rating is the highest one granted to Brazilian banks in that category.

- On March 30, 2007, Banco Bradesco's Market Capitalization reached R$83.507 billion, corresponding to a 15.6% jump compared to the same period of 2006. Based on the most recent stock price, as of May 4, 2007, Bradesco's Market Cap stood at R$90.169 billion.