5 Best Bank Stocks To Buy For 2014
Below is the verbatim transcript of Roongta’s interview with CNBC-TV18.
Q: Markets are volatile right now; investors are scared to invest in equities especially after the carnage that some midcap stocks saw and the big blowups without any intimation. How should one design his/her portfolio so that at least the basic principal is protected and at the same time he can benefit from investing in equities?
A: Any of the recommendations that financial planners make, they keep using the words ‘diversification’ and ‘asset allocation’. So, the idea irrespective of how good a particular investment looks at any given point in time; do not put all money into one avenue.
Let me explain the benefits of asset allocation with an example. Take a case of an investor who has about Rs 1 lakh to invest for five year tenure and he has given a clear mandate that he do not mind low returns because he is a safe investor by nature. He does not want higher returns but want his capital protected. So, the first obvious thing that he can think of is that he puts entire Rs 1 lakh into fixed deposit with a bank, earns about 9 percent returns on it. So, the value after five years would be about Rs 153,000.
5 Best Bank Stocks To Buy For 2014: Banco Bradesco SA (BBD)
Banco Bradesco S.A. (the Bank), incorporated on November 5, 1943, is commercial bank. The Bank offers a range of banking and financial products and services in Brazil and abroad to individuals, large, midsized and small companies and local and international corporations and institutions. It operates in two segments: the banking, and the insurance, pension and capitalization bonds. Its products and services encompass banking operations, such as loans and advances and deposittaking, credit card issuance, purchasing consortiums, insurance, leasing, payment collection and processing, pension plans, asset management and brokerage services. The main services it offers through Bradesco Expresso are receipt and submission of account applications; receipt and submission of account applications; Social Security National Service (INSS) benefit payments; checking and savings account deposits, and receipt of consumption bills, bank charges and taxes. In May, 2011, the Bank acquired Ban co do Estado do Rio de Janeiro S.A. (BERJ).
The Banking segment includes deposit-taking with clients, including checking accounts, savings accounts and time deposits; loans and advances (individuals and companies, real estate financing, microcredit, onlending BNDES funds, rural credit, leasing, among others); credit cards, debit cards and pre-paid cards; management of receipts and payments; asset management; services related to capital markets and investment banking activities; intermediation and trading services; custody, depositary and controllership services; international banking services, and purchasing consortiums.
The Bank offers a variety of deposit products and services to our customers through its branches, including Non-interest bearing checking accounts, such as Easy Account, Click Account, Academic Account and Cell Phone Bonus Account; traditional savings accounts; time deposits, and deposits from financial institut ions. As of December 31, 2011, it had 43.4 million savings a! ccounts. It offers its customers certain additional services, such as identified deposits and real-time banking transfers. Its loans and advances to customers, consumer credit, corporate and agricultural-sector loans, totaled R$263.5 billion as of December 31, 2011.
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