Cramer's #1 Brazilian Stock -- Banco Bradesco (BBD)

Cramer thinks the right way to play the Brazilian bank sector is to buy Banco Bradesco (NYSE: BBD). BBD trades at 4.2 times book value. Banco Bradesco has less bad loans in default than Banco Itau (NYSE: ITU). Banco Bradesco trades at a lower PE (14) versus Banco Itau's PE of 18.

Jim thinks Banco Bradesco could go from $32 to $40.

Banco Bradesco S.A. (Bradesco) is a private-sector (non-government controlled) bank that provides a range of banking and financial products and services in Brazil and abroad to individuals, small- to mid-sized companies, and major local and international corporations and institutions.

Happy Trading!
JR

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