Bombshells (ADR Stocks) of Brazil !!

Brazilian ADRs are hot on WallStreet for the past few years due to their incredible growth.

The largest bank in Brazil is government-owned. There are quite a few private sector banks that are fueling credit growth in Brazil and across Latin America.

The largest private sector bank is Banco Bradesco: BBD

Yesterday the bank reported that their 4th Quarter profit soared over 38% to $1.2 B. More details here:

The stock split 2: 1 last year at $40.Now its trading at $27+. BBD has grown over 700% in the past 5 years.

Other Brazilian banks trading as ADRs in the US are:

Banco ITAU – ITU
Uniao de Bancos Brasileiros S.A. – UBB

More on these later…..

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