Banco Bradesco SA, Brazil's second largest private-sector bank, has no current plans to grow through mergers and acquisitions, Chief Executive Luiz Carlos Trabuco said on Tuesday. Asked by an analyst whether the bank considered mergers and acquisitions as a tool to expand the bank's operations, Trabuco said, "this is the moment to intensify our focus on organic growth." Trabuco spoke on a conference call a day after the company reported quarterly earnings.
Banco Bradesco S.A. (the Bank) is commercial bank. Shares of BBD remained unchanged at $18.29. In the past year, the shares have traded as low as $13.17 and as high as $18.85. On average, 7357580 shares of BBD exchange hands on a given day and today's volume is recorded at 0.
Shares of BBDO remained unchanged at $17.84. In the past year, the shares have traded as low as $11.45 and as high as $18.00. On average, 2577 shares of BBDO exchange hands on a given day and today's volume is recorded at 0.
Source
