Comment on Banco Bradesco (BBD) Stock Falls Today After Lending Growth Forecast Reduction

Banco Bradesco (BBD) Stock Falls Today After Lending Growth Forecast Reduction

NEW YORK (TheStreet) -- Shares of Banco Bradesco fell 6.67% to $12.47 in late morning trading Friday after Brazil's second-largest private sector bank reduced its lending growth forecast for 2015 compared to 2014, according to Reuters. The bank said in a securities filing Thursday that it expects its loan book to grow 5% to 9% in 2015, compared to the 6.5% growth in 2014.

 

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