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ESE News30 articles
theScore Bet's $50 Bonus Is Invite-Only, PENN's Digital Loss Narrows
PENN's theScore Bet's $50 bonus is invite-only, not a public promo. Interactive loss narrowed to $9.5M in Q2, but profitability remains elusive.
Tesco and Waitrose Issue Allergy Alerts on Mislabeled Products
Tesco and Waitrose have issued recalls for mislabeled products, citing undeclared allergens. Tesco shares rose 0.8% despite the news.
FICO Plunges 17% as FHFA Expands VantageScore Access to All Lenders
FICO shares fell nearly 17% after FHFA ordered Fannie Mae and Freddie Mac to allow all lenders to use rival VantageScore, threatening FICO's dominant mortgage scoring revenue.
Bradesco ADR Volume Spikes 29% as Q2 Profit Holds Steady
Bradesco ADRs inched up 0.3% with volume 29% above average, as Q2 profit rose 16.2% but provisions climbed 22.6%.
Bradesco ADRs Surge 3.9% as Real Strength Boosts Recovery Rally
Bradesco ADRs climbed 3.9% to $3.45, buoyed by a stronger Brazilian real. Investors face a capital increase deadline on September 4.
Bradesco ADRs Edge Up 1.2% as High Rates Challenge Earnings Recovery
Bradesco ADRs gained 1.2% to $3.32 as the bank's earnings recovery faces headwinds from Brazil's 14% benchmark rate, despite strong Q2 profit growth.
Bradesco Shares Slide as Capital Raise Prices Above Market
Bradesco's ADR dropped 3.6% after its capital raise priced above market. Q2 profit rose 16.2%, but the subscription price now sits 5.1% above the market.
Bradesco Shares Slip Below Rights Price as Credit Costs Weigh
Banco Bradesco's preferred shares closed below its capital raise subscription price, as rising credit provisions overshadowed strong profit growth. Rights may be exercised until Sept 4.
Bradesco Shares Dip Below Rights Offer Price as Provisions Rise
Bradesco shares slipped below the rights offering price, trading at R$17.29, as rising provisions tempered strong profit growth. Subscription rights are available until Sept 4.
Bradesco's R$10B Capital Raise Sets New Profit Bar for Q2
Bradesco's R$10 billion capital increase requires roughly R$400 million in quarterly profit to maintain a 16% ROE, setting a new benchmark ahead of Q2 earnings.
Bradesco Shares Rise as Q2 Target Looms; Earnings Outlook Tightens
Bradesco shares gained 1.8% as the bank faces a tighter path to its 2026 earnings target, requiring average post-provision NII of R$10.54 billion in the next three quarters.
Bradesco Shares Edge Higher as Persistent High Rates Pressure Credit Quality
Banco Bradesco shares rose 0.66% on Monday, yet a 14% interest rate outlook and rising loan-loss provisions intensify credit-cost pressures ahead of Q2 earnings.
BHP Shares Dip as Escondida Drives Steep Copper Production Guidance Cut
BHP shares fell 2.71% as FY27 copper guidance midpoint dropped 11.7%, with Escondida accounting for 93% of the decline. Record iron ore output failed to offset investor concerns.
BHP Copper Output Outlook Dims as Escondida Weighs on FY27 Guidance
BHP shares dropped 2.34% after FY27 copper guidance signaled an 11.7% decline, with Escondida responsible for 93% of the deficit. Record iron ore output provides a buffer.
Bradesco ADR Rises on Currency Boost, Local Shares Fall
Bradesco's ADR rose 0.55% in New York, but local preferred shares fell 0.75% in São Paulo. The dollar's 1.12% drop against the real accounted for 68% of the ADR move.
Bradesco Preferred Shares Surge 4.8% on Inflation Data, Total Return Hits 5.3%
Banco Bradesco preferred shares rose 4.78% Friday, delivering a 5.3% gross return including JCP, as Brazil's June inflation data fueled rate cut expectations.
Bradesco Surges 4% on Soft Inflation Data, Market Cap Gains R$7.6B
Banco Bradesco preferred shares rose 4% to R$18.72, adding R$7.6 billion in market value, as softer-than-expected June inflation data fueled bets on further Selic rate cuts.
Bradesco Preferred Shares Dip as Ex-Rights Adjustment Dominates Move
Bradesco preferred shares fell 0.69% after adjusting for a R$0.286 net payout, accounting for nearly 70% of the raw price drop. The Ibovespa slipped 0.95%.
Bradesco's Dividend Date Creates Yield Advantage for Common Shares Over Preferreds
Bradesco's R$3.5 billion JCP payout yields 2.00% gross for common shares, slightly higher than preferreds' 1.91%, with a July 3 record date.
Bradesco Preferred Shares Edge Up Ahead of R$3.5 Billion Payout
Bradesco preferred shares edge up ahead of a R$3.5 billion interest-on-equity payout. Record date is July 3, ex-rights July 6.
Bradesco Preferred Shares Rise Ahead of Interim JCP Record Date
Bradesco preferred shares rose 1.06% on June 29, ahead of the July 3 record date for a R$0.3469 interim JCP payout, offering a gross yield of 1.92%.
Bradesco Preferred Shares Trail Sector Rally as Trading Volume Spikes
Bradesco preferred shares gained 2.6% last week, underperforming the Ibovespa's 3.0% rise. Over half of weekly trading volume occurred on two days when the stock fell.
Bradesco Shares Jump on 1.9% Payout, Loan Loss Concerns Linger
Bradesco shares surged 2.44% on heavy volume as a 1.9% interim dividend drew yield seekers, yet the stock remains 17% below its 52-week high amid rising loan-loss provisions.
Bradesco Shares Flat Despite R$3.5 Billion Payout Approval
Bradesco shares ended unchanged at R$17.65 despite a R$3.5 billion JCP approval, with heavy trading volume signaling investor focus on earnings sustainability amid rising loan-loss provisions.
Webb Telescope Reveals Complete Star Formation Cycle in Orion
NASA's James Webb Space Telescope has captured all stages of star formation in a single image of the Orion A molecular cloud, providing an unparalleled near-Earth laboratory for studying stellar nurseries.
Bradesco Preferred Shares Unchanged as Brazil Central Bank Cuts Selic to 14.25%
Bradesco's preferred shares closed unchanged at R$17.47 after Brazil's central bank cut rates to 14.25% but signaled caution. Investors balance profit recovery against higher loan-loss provisions and inflation risks.
Bradesco Shares Rise on Copom Rate Cut Hopes; Ibovespa Gains
Banco Bradesco preferred shares advanced 1.19% to R$17.87 ahead of an expected Selic rate cut by Copom. The Ibovespa gained 1%, but inflation above target and global rate uncertainty keep bank stocks under pressure.
Bradesco Shares Surge on Brazil Market Rebound, Strong Q1 Earnings
Bradesco shares climbed on a broad Brazil market recovery, with the bank posting strong first-quarter earnings. Insider selling was reported, but the controlling group's stake remained unchanged.
Bradesco Shares Dip on BRB Rescue Plan Participation
Bradesco's preferred shares dipped 0.3% to R$17.95 as the bank joins a syndicate backing a credit deal for Banco de Brasília, while the Ibovespa fell 0.39% on rate concerns.
Bradesco Shares Decline Ahead of GDP Data; Brazil Bank Rally Stalls
Bradesco's preferred shares fell 1.56% as Brazil's banking sector rally stalled. Q1 recurring net income rose 16.1%, but GDP data due May 29 could test the recovery.