10 Worst Affordable Stocks Under $10

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

Share Price: $2.63

Forward P/E Ratio: 8.9 

Earnings Growth This Year: 9.40% 

Number of Hedge Fund Holders: 20

Banco Bradesco S.A. (NYSE:BBD) is one of the largest banks in Brazil and focuses primarily on commercial banking. The range of banking services provided by the company includes deposits, loans, credit cards, insurance, and digital banking. The consolidated group assets of the bank amounted to BRL 2.1 trillion ($390 billion) during the first half of 2024. Moreover, its recurring net income during the same time was BRL 8.9 billion ($1.64 billion).

The bank has a special focus on improving its digital banking network while keeping its operational income steady. During the second quarter results of 2024, management disclosed that it has achieved a 99% digital transaction level, with 95% of users connected through mobile or the internet.

As far as the second quarter results are concerned, Banco Bradesco S.A. (NYSE:BBD) achieved a net income of BRL 4.7 billion ($870 million), indicating a 12% increase from the previous quarter. Moreover, the bank’s profitability has improved significantly due to an increase in net interest income, which improved 5% on a subsequent basis.

The financial company has seen growth in fees and commissions, especially regarding capital markets. Moreover, it is controlling its expenses through strategic hiring. Another positive for Banco Bradesco S.A. (NYSE:BBD) is its growing loan portfolio. The bank witnessed year-over-year growth among all loan categories, with SME loans growing 10.2%.