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Banco Bradesco SA

Banco Bradesco SA

BBD
$3.54USD↓-0.28%-0.01 today

MARKET CAP

54.6B

P/E (TTM)

1.6x

FWD P/E

1.2x

DAY RANGE

$4 – $4

52W RANGE

$3
$4

AI Summary

Stalk
StalkMedium

BBD is in a Stage 2 advancing corrective reset with price trading below key short-term EMAs and holding above the rising 50-day SMA. Medium-term bias remains Bullish, supported by higher highs and a Bullish Pivot Point, but recent rejection at the 9- and 20-day EMAs and rollover in the Options Score suggest near-term weakness. Execution should be deferred until a more attractive pullback into the rising 50-day SMA or acceptance above the 9/20-day EMA zone. The longer-term uptrend remains intact, invalidated on a decisive close below the June corrective low.

  • ↑Q1’25 recurring net income rose 39% to R$5.9 b; ROAE 14.4%.
  • ↑Gen-AI deployment delivered a 94% improvement in operational efficiency.
  • ↓Cost of risk climbed to 3.5% on higher agribusiness loan defaults.
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The case for & against

Bull & Bear analysis

Bullish

Banco Bradesco S.A. (NYSE: BBD) is one of Brazil's largest financial institutions, providing a comprehensive range of banking and financial services including retail banking, insurance, asset management, and wealth management. The bank operates within a competitive landscape in Brazil's financial sector, with a strong focus on digital transformation to enhance operational efficiency and customer engagement. Bradesco is notably benefiting from improving profitability, consistent dividend payouts, and an attractive dividend yield, positioning itself effectively amidst the ongoing recovery in the Brazilian banking market.

Bull says

  • ↑Q1’25 recurring net income rose 39% to R$5.9 b; ROAE 14.4%.
  • ↑Gen-AI deployment delivered a 94% improvement in operational efficiency.
  • ↑Dividend yield near 2.98% with consistent monthly payouts.
  • ↑Q1’26 net income +16.1% YoY to R$6.8 b; revenue +14% to R$37 b.
  • ↑High earnings yield, strong momentum, and low volatility profile.
  • ↑Relative undervaluation and SME segment expansion underpin upside.

Bear says

  • ↓Cost of risk climbed to 3.5% on higher agribusiness loan defaults.
  • ↓Analyst earnings revisions point to potential downward adjustments.
  • ↓Weak balance-sheet quality metrics may threaten sustainability.
  • ↓Operating expenses increased 12% YoY amid inflationary pressures.
  • ↓Tight liquidity position could challenge short-term funding needs.
  • ↓Moderate leverage heightens vulnerability to macroeconomic shifts.

Investment themes with BBD

International Banks↑ +0.29%

Banks operating across multiple countries

HSBC · RY · SAN

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-10-2026neutral

Transcript signals

Bull points

  • Our recurring net income in the first quarter of 26 was 6.8 billion BRLs, UP BY 16.1% YEAR ON YEAR, AND 4.5% QUARTER ON QUARTER DELIVERING ROAE OF 15.8%.
  • total revenues grew 14 percent year over year, and this is the main driver of profitability and cost-to-income ratio improvement, not only this quarter, but certainly this will lead to improved results throughout the year.
  • Our insurance segment delivered consistent results, reaching almost 22 percent of ROE.

Bear points

  • cost of risk has increased.
  • There was also $1.8 billion in non-recurring expenses related to one fiscal contingency.
  • There was also $1.8 billion in non-recurring expenses related to one fiscal contingency.
Read full transcript analysis ›