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Banco Bradesco (BBD) Surges: Stock Moves 5.4% Higher

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Banco Bradesco S.A. (BBD - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $3.6700 to $4.0900 in the past one-month time frame.

The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Banco Bradesco has a Zacks Rank #4 (Sell) while its Earnings ESP is positive. 

Investors interested in the Banks - Foreign industry may consider Credit Suisse Group (CS - Free Report) which has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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