On Friday, Shares of Banco Bradesco SA (ADR) (NYSE:BBD), lost -0.75% to $7.94.
The main figures obtained by Bradesco in the first semester of 2015 are presented below:
- Adjusted Net Income for the first semester of 2015 stood at R$8.778 billion (a 20.6% enhance contrast to the R$7.277 billion recorded in the same period of 2014), corresponding to earnings per share of R$3.35 and Return on Average Adjusted Equity(2) of 21.9%.
- As for the source, the Adjusted Net Income is composed of R$6.212 billion from financial activities, representing 70.8% of the total, and of R$2.566 billion from insurance, pension plans and capitalization bonds operations, which together account for 29.2%.
- On June 30, 2015, Bradesco market value stood at R$142.098 billion(3), showing a growth of 5.4% over June 30, 2014.
- Total Assets, in June 2015, stood at R$1.030 trillion, an enhance of 10.6% over the June 2014 balance. The return on Average Total Assets was 1.7%, an enhance of 0.1 p.p. over June 2014 (1.6%).
- In June 2015, the Expanded Loan Portfolio(4) reached R$463.406 billion, up 6.5% over June 2014. Operations with individuals totaled R$143.461 billion (an enhance of 6.2% over June 2014), while corporate segment operations totaled R$319.945 billion (up 6.6% over June 2014).
- Assets under Administration stood at R$1.444 trillion, a 10.7% enhance over June 2014.
- Shareholders’ Equity totaled R$86.972 billion in June 2015, 13.2% higher than in June 2014. Basel III Ratio, calculated based on the Prudential Merged stood at 16.0% in June 2015, 12.8% of which was classified as Common Equity / Tier I.
- A total of R$2.908 billion was paid to shareholders as Interest on Shareholders’ Equity and Dividends for the first semester of 2015, of which R$522 million were paid in monthly and interim installments and R$2.386 billion were provisioned.
- The Interest Earning Portion of the Net Interest Income stood at R$26.688 billion, an enhance of 17.8% contrast to the first semester of 2014.
- The Delinquency Ratio over 90 days stood at 3.7% on June 30, 2015.
Banco Bradesco S.A. (the Bank) is a commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, companies and local and international corporations and institutions.
Shares of U.S. Bancorp (NYSE:USB), inclined 0.33%to $45.21, during its last trading session.
U.S. Bancorp and Zions Bank, declared a renewable-energy tax-equity syndication agreement that will provide financing for the Red Horse 2 wind and solar project near Tucson, Arizona, owned by an associate of D. E. Shaw Renewable Investments L.L.C.
U.S. Bancorp launched its new renewable-energy investment syndication earlier this year, allowing first-time and practiced investors to take part in the renewable-energy tax-equity market. With this agreement, Zions Bank is co-investing with U.S. Bancorp and benefitting from U.S. Bancorp’s underwriting, structuring, and ongoing asset administration.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Finally, CBL & Associates Properties, Inc. (NYSE:CBL), ended its last trade with 1.68% gain, and closed at $16.34.
CBL & Associates Properties declared that its Board of Directors has authorized a share repurchase program for the Company to buy up to $200 million of its common stock. The Company plans to repurchase shares from time to time on the open market, in privately negotiated transactions or otherwise, depending on market prices and other conditions. Purchases may be made through the program through August 31, 2016.
“The noteworthy discount that our stock presently trades at relative to its private market valuation provides an attractive investment opportunity,” said Stephen Lebovitz, president and chief executive officer. “As we execute our disposition program, applying a portion of the proceeds towards share repurchases will create noteworthy shareholder value. Administration and the Board believe it is important to proactively implement a program, demonstrating our ongoing confidence in the value of CBL’s portfolio. Importantly, we remain fully committed to maintaining and further improving our credit metrics and do not intend to borrow funds to execute these share repurchases.”
CBL & Associates Properties, Inc. is a public real estate investment trust. It engages in acquisition, development, and administration of properties. The fund invests in the real estate markets of United States. Its portfolio comprises of enclosed malls and open-air centers. CBL & Associates Properties is based in Oak Brook, Illinois.
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