Overall market sentiment has been high on Banco Bradesco SA (BBD) stock lately. BBD receives a Bullish rating from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With BBD Stock Today?
Banco Bradesco SA (BBD) stock is lower by -3.65% while the S&P 500 has risen 1.2% as of 10:05 AM on Tuesday, Jun 9. BBD is down -$0.18 from the previous closing price of $4.79 on volume of 1,574,452 shares. Over the past year the S&P 500 is up 11.97% while BBD is down -46.22%. BBD earned $0.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.84.
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More About Banco Bradesco SA
Bank Bradesco SA is Brazil's fourth- largest bank, with about 15% of deposits, and the largest insurance provider in Brazil, with roughly 25% market share. The bank provides services through a network of more than 4,600 branches, the largest footprint of all privately controlled banks in Brazil. Banking provides roughly 70% of profits, while the insurance segment contributes the remaining 30%.
