The investment bank arm of Brazil’s Banco Bradesco SA (ADR) (NYSE:BBD) said for the first time it may look to expand into other Latin American countries through acquisitions, following in the footsteps of its three main rivals. We don’t have a target to expand aggressively in the international arena. Our strategy remains in the local market but it is possible to see an acquisition in other countries,” said Bradesco BBI head Sergio Clemente at an investment event sponsored by Bradesco. Banco Bradesco SA (ADR) (NYSE:BBD) shares after opening at $14.23 moved to $14.92 on last trade day and at the end of the day closed at $14.87. Company price to sales ratio in past twelve months was calculated as 3.16. Banco Bradesco SA (ADR) (NYSE:BBD) showed a positive weekly performance of 8.86%.
TFS Financial Corporation (NASDAQ:TFSL), the holding company for Third Federal Savings & Loan Association of Cleveland, received written notification on April 2, 2014 that the Federal Reserve Bank of Cleveland has terminated the Memoranda of Understanding (MOU) with TFS Financial Corporation and Third Federal Savings & Loan Association of Cleveland, MHC. The Memoranda were previously entered into with the Office of Thrift Supervision on February 7, 2011. The terminated MOUs covered enterprise risk management procedures and placed restrictions on the Company’s ability to pay a dividend or to repurchase its own stock.TFS Financial Corporation (NASDAQ:TFSL) shares advanced 6.55% in last trading session and ended the day on $12.86. TFSL return on equity ratio is recorded as 3.30% and its return on assets is 0.50%. TFS Financial Corporation (NASDAQ:TFSL) yearly performance is 21.78%.
One company that should be on your radar is Atlas Financial Holdings Inc (NASDAQ:AFH). The stock of this property and casualty insurance company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.Atlas Financial Holdings Inc (NASDAQ:AFH) shares moved up 8.97% in last trading session and was closed at $14.45, while trading in range of $14.26-$14.96. Atlas Financial Holdings Inc (NASDAQ:AFH) year to date performance is -1.83%.
Doral Financial Corp. (NYSE:DRL), the holding company of Doral Bank, with operations in Puerto Rico and the U.S., reported a net loss of $50.9 million for the quarter ended December 31, 2013, compared to a net gain of $28.3 million for the quarter ended December 31, 2012. For the year ended December 31, 2013, Doral reported a net loss of $88.3 million compared to a net loss of $3.3 million for the year ended December 31, 2012.Doral Financial Corp. (NYSE:DRL) weekly performance is 7.95%. On last trading day company shares ended up $9.37. Doral Financial Corp. (NYSE:DRL) distance from 50-day simple moving average is -18.11%.