Banco Bradesco Stock Price Slides 5% as Brazil Bank Shares Drop Ahead of Rate Call
Banco Bradesco’s preferred ADRs trading in the U.S. slid roughly 5% to $3.65 on Thursday, caught up in a wider rout for Brazilian bank stocks. Shares of Itaú Unibanco and Santander Brasil also lost ground, signaling the move wasn’t isolated to Bradesco.