10 Oversold Bank Stocks To Buy Right Now

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1. Banco Bradesco S.A. (NYSE:BBD)

6-Month Performance: -11.72%

Analysts Upside Potential: 113.27%

Banco Bradesco S.A. (NYSE:BBD) is a major Brazilian bank, which operates as a commercial bank. The bank provides various services including checking accounts, saving accounts, loans, and credit cards. On January 13, HSBC upgraded its rating to Buy from Neutral, while reducing the price target to $2.8 from $3.1.

During the fiscal third quarter of 2024, Banco Bradesco S.A. (NYSE:BBD) is focusing on improving its digital presence and also closing down some of its physical branches to allocate more resources to digital operations. The bank generated a revenue of R$30.6 billion in revenue, which was up 3.7% quarter-over-quarter. The growth was driven by strong growth in loan portfolio which improved 3.5% during the same time. Management is diversifying the loan portfolio to individuals, SMEs, and large corporations. SMEs took the lead with a 17% growth in loans during the third quarter. Banco Bradesco S.A. (NYSE:BBD) is the most oversold bank stock to buy right now.

While we acknowledge the potential of Banco Bradesco S.A. (NYSE:BBD) to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than BBD but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

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