Banco Bradesco S.A. (NYSE:BBD) Q4 2024 Earnings Conference Call February 7, 2025 8:30 AM ET
Company Participants
Marcelo de Araujo Noronha – Chief Executive Officer
Cassiano Ricardo Scarpelli – Vice President
Andre Carvalho – Investor Relations
Joao Carlos Gomes Da Silva – Executive Officer
Conference Call Participants
Bernardo Guttmann – XP Investimentos
Gustavo Schroden – Citigroup
Daniel Vaz – Safra
Thiago Batista – UBS
Renato Meloni – Autonomous
Mario Pierry – BofA Securities
Pedro Leduc – Itau
Yuri Fernandes – JPMorgan
Carlos Gomez-Lopez – HSBC
Eduardo Nishio – Genial
Tito Labarta – Goldman Sachs
Marcelo de Araujo Noronha
Hello. Good morning. I am Marcelo Noronha. I’m here live from Cidade de Deus to present the results for the Fourth Quarter of 2024 of Bradesco. And certainly this also contemplates the full year results for 2024. I would like to say that we will split our presentation in three parts with three initial messages for all of you.
First, the results for the fourth quarter reinstate our profitability improvement, just the same way as I presented a year ago here when we presented the plan in the same month of last year when we started our growth plan and I showed you what was going to happen step-by-step, quarter-on-quarter.
The second message is that our guidance for 2025 is a more cautious guidance in terms of risk appetite, and this also includes the effects of 4,966 and higher stake at Cielo. And it is cautious vis-a-vis the macro scenario and at the same time it’s very optimistic in terms of what we are delivering and what we are currently doing.
And also there is our transformation plan. So it is my duty to present to you a small summary of what we did in 2024. We continue to expedite our transformation and we
