SÃO PAULO, September 1, 2026, 19:39 BRT — Bradesco’s American depositary receipts increased 1.2% as the bank’s earnings recovery encountered the challenge of Brazil’s 14% benchmark interest rate.
- Banco Bradesco ADRs ended the session up 1.22% at $3.32, and later climbed to $3.35 in after-hours trading.
- Trading volume was 31.08 million shares, exceeding the three-month average by roughly 9.6%.
- Recurring profit for the second quarter increased by 16.2%, as Brazil’s Selic rate holds steady at 14%.
Banco Bradesco S.A. NYSE:BBD ADRs ended Tuesday’s session up 1.22% at $3.32. After-hours trading saw the price move to $3.35 by 18:39 EDT Google Finance.
The advance prolonged a week of recovery for Brazil’s second-biggest private bank. Trading volume surpassed usual levels, lending additional significance to the rise.
Trading volume reached 31.08 million ADRs, compared with the average of 28.37 million. Shares started the session at $3.27, moving within a range of $3.27 to $3.37.
Bradesco ADR: Tuesday range and aftermarket
U.S. dollars per ADR
As of . Source: Google Finance.
Tuesday closed 5.4% higher than the $3.15 mark recorded on August 24. Closing prices during the period varied between $3.23 and $3.28 historical prices.
The rebound depends on stronger earnings. For the second quarter, recurring profit rose to R$7.05 billion, marking a 16.2% increase year-on-year and a 3.5% rise from the previous quarter Bradesco’s SEC filing.
Recurring net income keeps stepping higher
Second-quarter growth: 16.2% year over year and 3.5% quarter over quarter. Source: Banco Bradesco 2Q26 results.
Net interest income increased by 15.7% from a year earlier to R$20.87 billion. The average gross client margin remained steady at 9.1%, and the operating efficiency ratio improved to 46.5%.
Loans rose by 11.6% to reach R$1.137 trillion. This growth rate was above Bradesco’s projected full-year range of 8.5%–10.5%, as lending to companies increased by 14.1%.
The downside is a decline in credit quality. Loans overdue by over 90 days climbed to 4.3%, and provisions for the quarter rose 22.6% compared with a year ago.
Return, growth and risk checkpoint
Bank data as of June 30, 2026; policy rate effective August 6, 2026. Sources: Bradesco and Banco Central do Brasil.
Chief Executive Marcelo Noronha stated Bradesco had “absolute belief” in achieving all of its guidance targets. He also noted that unsecured lending was not an area where the bank was aiming to expand Reuters.
Brazil’s central bank lowered the Selic target rate to 14% from August 6. Elevated rates bolster funding spreads, yet they also increase pressure on household and business borrowers.
Bradesco advanced more than Itaú Unibanco Holding S.A. NYSE:ITUB, which climbed 0.92% on Tuesday. Nu Holdings Ltd. NYSE:NU slipped 0.55%, highlighting the focus on individual stocks.
Risks: Accelerated rate cuts may limit funding gains. A depreciating real would diminish ADR returns, and a further increase in delinquencies could counterbalance loan growth.
Brazil’s yield curve and currency will be closely watched in the coming week as key indicators. The next scheduled policy event is Copom’s meeting on September 15–16.
