Why I Don't Feel Banco do Brasil Is A Bargain After A Ugly Q1
Source: SeekingAlpha
2025-05-17 21:51:00 ET
Summary
- Banco do Brasil's Q1 results were disappointing, with rising delinquency rates, falling net interest income, and a sharp drop in net income and ROE.
- Despite a 14% stock drop, BDORY trades near fair value, not a bargain, given its historical valuation and current risks.
- Valuation looks attractive on paper, but political, macroeconomic, and sector risks justify a discount versus private peers like Itaú Unibanco.
- While Banco do Brasil is solid with high dividends, I prefer to wait for a lower price, or consider alternatives like Itaú or Inter.
Banco do Brasil ( BDORY ) just fell around 14% after reporting Q1 earnings . A few days ago, when I was looking at the company, the valuation didn't look so “great” when compared to the most recent history, and the other quarters were already showing some negative signs, but still, this quarter managed to surprise negatively....
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Why I Don't Feel Banco do Brasil Is A Bargain After A Ugly Q1
Banco Do Brasil S.A. ADR
NASDAQ: BDORY
BDORY Trading
1.64% G/L:
$4.97 Last:
44,109 Volume:
$4.88 Open:
