10 Oversold Financial Stocks To Buy Right Now

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

6-Month Performance: -27.11%

Number of Hedge Fund Holders: 18

Analysts Upside Potential: 88.41%

Banco Bradesco S.A. (NYSE:BBD) is a Brazilian commercial bank that provides a wide range of banking and financial services to individuals, companies, and institutions both in Brazil and abroad. Its services include banking operations such as loan and deposit collection. It also issues credit cards and offers insurance, pension plans, and capitalization bonds.

During the fiscal fourth quarter of 2024, Banco Bradesco S.A. (NYSE:BBD) experienced growth across multiple financial indicators. The bank grew its net income by 37% year-over-year to reach BRL 5.4 billion. Moreover, the full-year net income reached BRL 19.6 billion, up 20% from 2023. The growth was driven by a strong loan portfolio, which exceeded BRL 980 billion after growing approximately 12%, with significant growth coming from micro, small, and medium enterprises.

Banco Bradesco S.A. (NYSE:BBD) has improved its digital presence. During the quarter 99% of its transactions occurred through digital channels, indicating a 5.8% increase year-over-year. Looking ahead to 2025, the bank anticipates a slowdown in growth due to rising interest rates. However, analysts see an 88.41% upside from the current levels, making it one of the oversold financial stocks to buy right now.