Investors responded to Bradesco’s second-quarter earnings announcement with enthusiasm: its share price rose 8% in the following trading session and is now up 19% over the past month.
Eduardo Rosman, financial equity analyst at BTG Pactual, believes new chief executive Marcelo Noronha has been able to convince the market that he is pulling off a turnaround story – though Rosman and other analysts are themselves more cautious.
“We’ve seen a lot more interest from investors, and there are probably many buying the shares who think this is a turning point,” he says.
Thanks for your interest in Euromoney!
To unlock this article:
