Banco Bradesco S.A.
- Open
- 3.41
- Day high
- 3.47
- Day low
- 3.41
- Prev close
- 3.47
- Volume
- 10.5M
- Mkt cap
- $36.5B
- P/E (TTM)
- 8.3
- EPS (TTM)
- $0.41
- P/B
- 1.0
- P/S
- 0.5
- Yield
- 5.89%
- Per share
- $0.20
- ▼Insiders net selling -$3.3M over the last 3 months (1 open-market buy, 3 sales)
- 🏛Institutions accumulating (13F)
Banco Bradesco S.A. (BBD) is a Financial Services company listed on NYSE. The stock is up 12% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 3 sales (SEC Form 4).
Banco Bradesco S.A. (BBD) financials & analyst ratings
Fundamentals (TTM)
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
BBD earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.12 | $0.12 | +0.0% | $7.5B | +6.2% |
| Mar 25, 2026 | — | $0.10 | — | $20.9B | — |
| Oct 29, 2025 | $0.11 | $0.09 | -18.2% | $15.1B | +126.2% |
| Jul 30, 2025 | $0.10 | $0.10 | +0.0% | $14.1B | +131.5% |
| May 7, 2025 | $0.09 | $0.09 | +0.0% | $12.0B | +115.1% |
| Mar 11, 2025 | — | $0.06 | — | $10.7B | — |
| Oct 31, 2024 | $0.09 | $0.09 | +0.0% | $11.4B | +1080.1% |
| May 2, 2024 | $0.07 | $0.08 | +14.3% | $12.8B | +1097.3% |
| Mar 11, 2024 | $0.08 | $0.06 | -25.0% | $3.5B | — |
| Nov 9, 2023 | $0.09 | $0.08 | -11.1% | $4.9B | -18.4% |
| Aug 3, 2023 | $0.09 | $0.09 | +0.0% | $5.1B | -17.7% |
| May 4, 2023 | $0.07 | $0.07 | +0.0% | $5.1B | -12.7% |
BBD insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 25, 2026 | Neto Jose Ramos Rochaofficer: Vice President Officer | Buy | 57 | $17.68 |
| Jun 3, 2026 | de Minas Mauricio Machadoofficer: Board Member | Sell | 29,800 | $17.56 |
| Jun 1, 2026 | Camara Rogerio Pedrodirector | Sell | 146,338 | $18.03 |
| May 29, 2026 | Ramalho Miranda Jose Augustodirector | Sell | 10,292 | $18.00 |
Source: BBD SEC Form 4 filings, latest Jun 25, 2026. For informational purposes only — not investment advice.
See the full BBD insider & 13F page →Banco Bradesco S.A. company profile
Overview
Banco Bradesco S.A. (NYSE:BBD) is one of Brazil's largest private sector banks, founded in 1943 and headquartered in Osasco, Brazil. The bank has grown from a regional institution to become a major financial services conglomerate serving millions of individual and corporate clients across Brazil and internationally. Bradesco operates through two primary segments: Banking and Insurance, offering a comprehensive range of financial products and services. The company went public on the New York Stock Exchange in 2002 and has since established itself as a key player in Latin America's financial services sector.
Business
Banco Bradesco operates as a universal bank in Brazil's financial services sector, providing comprehensive banking and insurance services through two main business segments: **Banking Segment (Primary Revenue Driver):** This segment encompasses traditional banking operations including retail banking, corporate banking, and capital markets. The bank offers current accounts, savings accounts, and specialized accounts like click and salary accounts for different customer segments. Credit products form a major component, including real estate credit, vehicle financing, payroll loans, mortgage loans, microcredit, leasing arrangements, and personal installment credit. The bank also provides payment solutions through debit and business cards, along with cash management services, foreign trade services, and internet banking platforms. The loan portfolio exceeds BRL 980 billion, with significant exposure to individual consumers, micro/small/medium enterprises (MSMEs), and large corporations. **Insurance Segment:** Bradesco's insurance operations offer auto insurance, personal accident coverage, dental plans, travel insurance, and life insurance products. The insurance group also provides investment products, pension plans, and capitalization bonds (a Brazilian savings product that combines lottery-like features with forced savings). This segment has shown particularly strong performance with revenue reaching BRL 121 billion and maintaining high profitability margins. The bank serves approximately 74 million clients across Brazil through a network that has been strategically reduced from traditional branches to focus more on digital channels and specialized service points like Bradesco Expresso. The institution has been undergoing significant digital transformation, with 99% of transactions now occurring through digital channels.
Revenue model
Banco Bradesco generates revenue through multiple streams typical of universal banking operations: **Net Interest Income (Primary Revenue Source):** The bank earns net interest margin by borrowing funds at lower rates (through customer deposits, interbank markets, and central bank facilities) and lending at higher rates to individuals and businesses. With a loan portfolio exceeding BRL 980 billion, this represents the largest revenue component. The bank focuses on risk-adjusted returns, emphasizing secured and collateralized loans, payroll-deductible loans, and credit products backed by real estate or vehicles. **Fee and Commission Income:** Bradesco earns fees from various services including credit operations, asset management, payment processing through cards, foreign exchange services, and account maintenance. The bank has been expanding its asset management business and improving fee income through enhanced digital services and cross-selling to existing clients. **Insurance Premiums and Investment Income:** The insurance segment generates revenue through premium collections across various insurance products and investment returns on technical reserves. With technical provisions of BRL 414 billion, this segment maintains strong profitability with return on equity exceeding 22%. **Trading and Capital Markets:** The bank generates income through treasury operations, trading activities, and capital markets services for corporate clients. **Factors Affecting Profitability:** Brazil's Selic rate (central bank interest rate) significantly impacts both funding costs and lending rates. Higher rates generally improve net interest margins but can increase credit risk. Economic conditions affect loan demand and credit quality, particularly in the retail segment. Regulatory changes in Brazilian banking, including reserve requirements and consumer protection rules, can impact operational costs. Competition from digital banks and fintech companies pressures traditional fee structures. The bank's ongoing digital transformation and branch network optimization are key initiatives to improve cost efficiency and maintain competitiveness in an evolving market landscape.
Competitive moat
Banco Bradesco possesses several competitive advantages, though the strength of its moat faces modern challenges. The bank benefits from significant scale advantages with over 74 million clients and a loan portfolio exceeding BRL 980 billion, providing economies of scale in operations and risk diversification. Its extensive distribution network, while being rationalized, still offers broad geographic coverage across Brazil, particularly valuable in serving underbanked populations and SMEs in smaller cities. The bank's integrated financial services platform creates customer stickiness through cross-selling opportunities between banking, insurance, and investment products. The insurance segment, in particular, demonstrates strong competitive positioning with technical expertise and established distribution channels. Bradesco's brand recognition and long-standing customer relationships in Brazil provide trust advantages, especially important in financial services. However, the moat faces significant pressures. Digital disruption from fintech companies and digital banks is eroding traditional banking advantages, forcing costly technology investments and margin compression. Regulatory changes in Brazil, including open banking initiatives and consumer protection measures, are reducing switching costs and increasing competition. The bank's historically high cost-to-serve ratio indicates operational inefficiencies compared to digital-native competitors. The competitive landscape is intensifying with both traditional competitors (Itaú, Santander Brasil) and new digital entrants offering more efficient services. While Bradesco is investing heavily in digital transformation and artificial intelligence (including GenAI BIA), the success of these initiatives in maintaining competitive positioning remains to be proven. The bank's moat is moderate but under pressure, requiring successful execution of its transformation strategy to maintain long-term competitive advantages.
Risks & safety
**Overall Assessment:** Moderate margin of safety with adequate capitalization but facing profitability pressures. **Liquidity and Solvency:** - Cash and short-term investments: BRL 27.3 billion (Q1 2025) - Current ratio: 0.53 (below 1.0 indicates potential liquidity constraints in current assets vs. current liabilities) - Debt-to-equity ratio: 4.01 (high leverage typical for banks, but manageable given regulatory capital requirements) - No immediate solvency concerns given banking regulatory framework and deposit insurance **Profitability and Valuation Metrics:** - Price-to-earnings ratio: 6.0 (attractive valuation suggesting market skepticism) - Price-to-book ratio: 0.79 (trading below book value) - Return on equity: 3.3% (Q1 2025, significantly below historical targets of 18%+) - Net interest margin under pressure from competitive environment **Other Considerations:** - Brazilian economic and political risks affecting loan quality and growth prospects - Regulatory environment changes impacting traditional banking operations - Substantial technology investment requirements for digital transformation creating near-term cost pressures - Insurance segment provides diversification and higher returns (22.4% ROE) offsetting banking challenges
Recent development
Over the past few years, Banco Bradesco has undergone significant strategic transformation focused on digital modernization and operational efficiency. The bank launched a comprehensive "Change the Bank" initiative involving organizational restructuring with reduced leadership layers and the creation of a transformation office with over 800 employees. This initiative targets achieving an efficiency ratio of around 40% by 2027-2028, down from current levels. **Digital Transformation Initiatives:** Bradesco has aggressively modernized its technology infrastructure, migrating 79% of applications to cloud platforms and implementing generative AI solutions including "BIA Tech" which achieves 90% resolution rates for customer inquiries. The bank acquired Kunumi, an AI and machine learning company, to enhance its technological capabilities. Digital channels now handle 99% of transactions, representing a fundamental shift in service delivery. **Business Segment Evolution:** The bank launched Bradesco Principle, a new segment targeting high-net-worth individuals positioned between Prime and Private banking services. It expanded SME-focused branches from 122 to 150 locations while simultaneously reducing the overall branch network by closing 1,400 branches. The bank also completed strategic acquisitions including additional stakes in payment processor Cielo and a 50% acquisition of John Deere Bank to expand agricultural lending capabilities. **Product and Service Innovation:** Bradesco introduced Bradesco Expresso, a new digital service model, and developed multi-agent generative AI systems for system modernization. The bank has focused on growing secured loan portfolios, particularly payroll-deductible loans and collateralized credit products, while maintaining moderate risk appetite. The insurance segment has strengthened through strategic hospital investments and improved operational efficiency, maintaining industry-leading profitability metrics.
BBD company profile · for informational purposes only — not investment advice.
Track BBD with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free