Bank dividend stocks like JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Citigroup Inc. (NYSE:C) are in the limelight amid rising interest rates and the market’s overall hunger for steady dividends. Central banks have been actively increasing support for markets by allowing bank reserves to grow. This expansion in reserves increases the […]
Banco Bradesco S.A. (NYSE:BBD) Q1 2024 Earnings Call Transcript May 3, 2024 Banco Bradesco S.A. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Marcelo Noronha: Hello. Good morning, everyone. I am Marcelo Noronha. I’m here to present the results for the […]
In just three years, Brazil's hugely popular Pix payment system has become the country's favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of credit cards in the booming e-commerce sector. The instant payments designed by Brazil's central bank are a boon to online retailers, helping with cash flow in a sector with tight margins, while undercutting the legacy business of banks and fintechs built on existing credit card infrastructure. "This system eliminates the need to have a credit card."