Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bradesco) is dated February 13, 2023. The document serves as a formal clarification to the Brazilian stock exchange (B3) regarding a news report published on February 10, 2023, which suggested the bank was targeting a specific Return on Equity (ROE) for the current year.
Key Financial Metrics
The filing text does not provide specific financial data such as revenue, profit, cash flow, margins, debt, or liquidity figures for the period ending March 31, 2023, or any other period. The document focuses exclusively on clarifying management's strategic goals rather than reporting quantitative financial results.
Material Changes
No material changes to financial performance or operational status are reported in this filing. The document addresses a discrepancy between media interpretation and the company's official stance regarding its ROE targets.
Guidance, Outlook, and Management Commentary
- ROE Target Clarification: Bradesco confirms that management aims for a "sustainable and recurring return of at least 18%," as previously stated in the 4Q22 Earnings Presentation.
- No Commitment: The company explicitly states that this 18% figure is a goal to be pursued, not a projection, estimate, or commitment to be achieved in 2023 or future years.
- Forward-Looking Statements: The filing includes a standard disclaimer that forward-looking statements are based on current views and estimates, subject to risks and uncertainties, with no guarantee that expected results will occur.
Investor Verification Checklist
- Verify the 4Q22 Earnings Presentation on the Bradesco Investor Relations website to review the original context of the 18% ROE goal.
- Confirm that the 18% ROE is treated as a long-term strategic aim rather than a binding forecast for 2023.
- Review the B3 Official Letter 258/2023-SLS to understand the regulatory inquiry that prompted this clarification.