Banco Do Brasil Q1: Good Investment Theses Also Have Setbacks
Source: SeekingAlpha
2025-05-19 08:40:08 ET
Summary
- I reiterate my buy rating on Banco do Brasil despite disappointing Q1 2025 results and a 15% share price drop.
- Short-term challenges include rising non-performing loans, lower net income, and regulatory impacts, especially in agribusiness.
- Banco do Brasil remains undervalued versus peers, with a 30% upside potential and resilient core customer base in civil servants and agribusiness.
- One weak quarter doesn't alter my long-term thesis; I see an attractive risk/reward and maintain a positive outlook for 2025.
Investment Thesis
I reiterate my buy recommendation for Banco do Brasil (NYSE: BDORY ) shares after the release of its Q1 2025 results . This article is a continuation of my introductory coverage article published on May 30, 2024....
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Banco Do Brasil Q1: Good Investment Theses Also Have Setbacks
Banco Do Brasil S.A. ADR
NASDAQ: BDORY
BDORY Trading
3.49% G/L:
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106,319 Volume:
$4.87 Open:
