OSASCO, Brazil, September 3, 2026, 15:57 EDT — Banco Bradesco’s stock increased 0.3%, with trading volume standing 29% higher than its average.
- BBD gained 0.3% to $3.455, with 39.95 million ADRs traded.
- By 15:57 EDT, turnover was 29% higher than its three-month daily average.
- Recurring profit in the second quarter increased by 16.2%, while provisions were up 22.6%.
Shares of Banco Bradesco S.A. NYSE:BBD gained 0.3% to reach $3.455 on Thursday. By 15:57 EDT, trading volume stood at roughly 39.95 million ADRs, which is 29% higher than the average daily volume over the past three months.
The modest increase is significant. Substantial trading volume has yet to trigger a clear reassessment of Bradesco’s earnings rebound. The ADR remained close to book value and stayed under its 200-day moving average.
BBD intraday price
NYSE ADR, U.S. dollars
The stock began the session at $3.52 and hit a low of $3.415. It subsequently regained the bulk of those losses. The most recent price was 1.3% higher than its 50-day moving average, but still 4.3% under its 200-day moving average.
Turnover outran recent norms
ADR volume, millions of shares
The turnover at the last price amounted to approximately $138 million. This marks Thursday as a liquidity event rather than a major price movement. The market continues to assess the resilience of recent profit gains.
Bradesco reported R$7.05 billion in recurring net income for the second quarter, up 16.2% year-on-year. The bank said this marked the tenth straight quarter of rising profits.
Growth reached the bottom line, with a credit drag
Second quarter of 2026 versus second quarter of 2025
Net interest income increased by 15.7% to R$20.87 billion. However, loan-loss provisions also rose, up by 22.6%. As a result, net interest income post-provisions saw a more modest rise of 9.9%.
Credit quality continues to be pivotal. The percentage of loans overdue by over 90 days climbed to 4.3%, up 0.2 percentage points from the previous year. Bradesco stated that its lending focused on collateral and compelling risk-adjusted returns.
Additional engines contributed. Insurance recurring profit increased by 28.3% to R$2.9 billion. The insurance division generated a 22.8% return on average equity. The group’s return on average equity stood at 16.2%.
Distributions are also backed by capital. Bradesco paid out R$4 billion in interest on capital for the quarter. The bank’s common-equity Tier 1 ratio was 11.3% at the end of June, 3.3 percentage points above the required 8% regulatory minimum.
Market price versus analyst range
U.S. dollars per ADR
The ADR was valued at 6.18 times forecast earnings and 1.04 times book value. The average price target set by six S&P Global analysts stood at $4.55, suggesting a potential rise of 31.7%. The analyst coverage was limited.
Risks: Elevated delinquencies risk sustaining high provisions. Interest-rate trends in Brazil could pressure borrowers and affect bank spreads. A weaker currency may also diminish ADR returns for U.S. investors.
Bradesco reaffirmed its 2026 loan growth target of 8.5% to 10.5%. The bank projects net interest income after provisions between R$42 billion and R$48 billion. Its next earnings report is anticipated on November 4.
Thursday saw a surge in volume, signalling renewed interest. Sustained rerating will hinge on whether post-provision income can maintain the same pace as headline profit growth.
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