Bank Bradesco SA (XMAD:XBBDC)
€ 1.98 -0.06 (-2.94%) Market Cap: 19.83 Bil Enterprise Value: 56.03 Bil PE Ratio: 8.50 PB Ratio: 0.71 GF Score: 70/100

Q3 2024 Banco Bradesco SA Earnings Call Transcript

Oct 31, 2024 / 01:30PM GMT
Release Date Price: €2.28 (-4.20%)
Marcelo de Araujo Noronha
Banco Bradesco SA - Chief Executive Officer

Good day, everyone. I am Marcelo Noronha, CEO of Bradesco. I am here to present the earnings of the third-quarter 2024. I'm speaking at Cidade de Deus. It's a little over 10:30 AM, 10:31 AM. It's a pleasure to be with you again. Thank you for joining us. And we'll speak about the balance sheet of the third quarter, and then I'll sit with my colleagues to answer some of the questions from our colleagues of the sales side.

I'll start with the earnings of Q3 '24, which we received. We had a recurring net income of 5.2 billion barrels, growing almost 11% compared to the second quarter '24. In the past quarter, as a reminder, we grew more than 12% quarter-on-quarter. So we have been delivering what we committed to do.

We don't promise things. We deliver things. And we are growing step by step consistently. And here we have a snapshot of everything we are going to present to you today during this video conference call. Our profitability is growing. It's a solid and safe profitability growth. Our NII evolves driven by

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